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☆ How to build a cheap DIY underground bunker to protect you from nuclear fallout, in 6 steps
▼ + stars: | 2023-06-03 | by ( Adam Barnes | ) www.businessinsider.com time to read: +10 min

In a pinch, this DIY fallout shelter would be better than an above-ground building, an expert said. Turns out, if a nuclear attack is imminent, you can build your own DIY fallout shelter for relatively cheap. Equipment you'll need for a DIY fallout shelterPhoto taken in 1961 of a 77-year-old man who built his own fallout shelter in his backyard. How to build a DIY fallout shelter for cheap in 6 stepsFirst, scout out a location for your fallout shelter. How this DIY fallout shelter would protect youSoil is a great shield from radioactive fallout.

Persons: —, Michael Ochs, Stringer, Cresson H, it's, Sun, bomba, Alex Wellerstein, MAXIM ZHURAVLEV Organizations: Service, Michael Ochs Archives, National Laboratory, Laboratory, Getty, University of Nevada, United States National Locations: Oak, Kearny, Nes, Las Vegas

☆ TipRanks reveals the top 10 consumer goods sector analysts of the past decade
▼ + stars: | 2023-05-28 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +4 min

TipRanks recognized Wall Street's 10 best analysts in the consumer goods sector for identifying the best investment opportunities. TipRanks used its Experts Center tool to identify the pros with a high success rate, and analyzed each stock recommendation made by analysts in the consumer goods sector over the past decade. TipRanks' algorithms calculated the statistical significance of each rating, the analysts' overall success rate and the average return. Top 10 analysts from the consumer goods sectorThe image below shows the most successful Wall Street analysts from the consumer goods sector. Mark Astrachan - Stifel NicolausMark Astrachan has the 10th spot on the list, with a success rate of 65%.

☆ Big landlords are barreling towards a 'reckoning.' But smaller ones are doing just fine.
▼ + stars: | 2023-05-25 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +11 min

Some big landlords are starting to feel the squeeze of stalled rents and increased operating expenses. The main difference between 'big' and 'small' landlords: the financingA key difference between smaller, mom-and-pop landlords and larger landlords is how they're financing deals. While small landlords are typically purchasing single-family homes or multi-family properties like duplexes and triplexes, which you can finance with residential debt, big landlords are buying apartment buildings and have to use commercial debt. With a residential loan, you can typically get a fixed interest rate, which will not change over the lifetime of the loan. "One of the reasons I invest in four units or less is you get 30-year fixed rate debt," he said.

☆ Premarket stocks: Will the debt ceiling debate finish the Fed's inflation fight?
▼ + stars: | 2023-05-24 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN —Over the last 14 months, the Federal Reserve has taken a deliberate and economically painful approach to combating elevated inflation rates through interest rate hikes. The regional banking crisis and a possible debt-ceiling induced default on US debt could change all of that. What’s happening: There are two policy options that the Fed can use to address elevated inflation. For the first quarter, Lowe’s said overall sales fell 5.5% to $22.3 billion. Home Depot missed on first quarter sales and lowered its outlook for the year after customers slowed their spending.

Persons: shouldn’t, ”, Laurence Ball, Edward Boehne, Jerome Powell, Ben Bernanke, Powell, Ball, there’s, Austan Goolsbee, “, Julian Brigden, Bernanke, ” Bernanke, Olivier Blanchard, Bryan Mena, Blanchard, David Goldman, Parija, Lowe’s Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Johns Hopkins University, ” Former Philadelphia Fed, Fed, Valley Bank, Signature Bank, Federal Reserve Bank of Chicago, Yahoo Finance, Partners, International Monetary Fund, Brookings Institution, Target, Walmart, Home Depot Locations: New York, ”, Washington ,, America, California

☆ Lowe's cuts full-year sales forecast, even as it tops earnings and revenue estimates
▼ + stars: | 2023-05-23 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

Net sales fell nearly 6% to $22.35 billion from $23.66 billion in the year-ago period, but exceeded Wall Street's expectations. Lowe's is the latest retailer to warn of slower sales ahead, as consumers become thriftier and reluctant to spend on discretionary items. Like Lowe's, Home Depot also chalked up lower sales to colder and wetter weather in the western U.S. and falling lumber prices. About 75% of Lowe's sales come from DIY customers, while Home Depot typically gets about half of its sales from home professionals. Sink said Lowe's expects sales from pros to outpace those from DIY shoppers for the rest of the year.

☆ Here are Friday's biggest analyst calls: Tesla, Netflix, Planet Fitness, Bloom, Wendy's, Dell & more
▼ + stars: | 2023-05-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Goldman Sachs initiates SQM as sell Goldman said the Chilean chemical company is exposed to ongoing lithium price weakness. Cantor Fitzgerald initiates Intuitive Machines as buy Cantor said the space exploration company has a "first-mover" advantage. Credit Suisse upgrades TE Connectivity to outperform from neutral Credit Suisse said the consumer electronics company is an Inflation Reduction Act beneficiary. JPMorgan upgrades Bloom Energy to overweight from neutral JPMorgan said the selloff in the the energy company is "overdone." RBC initiates Planet Fitness as outperform RBC said it sees an attractive entry point for the gym stock.

☆ Deep in the Amazon, scientists race to find unknown bat viruses
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +8 min

Some scientific studies have found that deforestation causes stress in bats, and stressed bats carry more viruses and shed more germs in their saliva, urine and feces. It spiked following the highway’s construction, making the Amazon in the early 1980s a rallying cry for the global environmental movement. When examining spillover risk, scientists use the number of bat species in a given area as a key variable. When humans encroach on their habitat, and bat species commingle, the viral cocktail intensifies. “Odds of it being documented are very slim,” said Caio Graco Zeppelini, an ecologist and bat researcher at the Federal University of Bahia.

☆ Five takeaways about the consumer from Walmart, other retailers after a big week of earnings
▼ + stars: | 2023-05-19 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +8 min

So far, at least five retailers – Target, Walmart, Tapestry , Bath and Body Works and Foot Locker – have spoken about sales trends across the country getting worse. The retailer's comparable sales in the U.S. declined 4.6% in the quarter versus the year-ago period. Target, Home Depot and Walmart all saw a noticeable pattern: Fewer pricey and fun items in shopping carts. At Home Depot, customers bought fewer big-ticket items like appliances and grills in the fiscal first-quarter. Customers at Walmart have become more selective when shopping for electronics, TVs, home items and apparel, Rainey told CNBC.

☆ Elon Musk predicts a 'ChatGPT moment' for Tesla, warns of banking woes, and expects a tough year ahead. Here are his 15 best quotes this week.
▼ + stars: | 2023-05-18 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Elon Musk predicts a "ChatGPT moment" for Tesla, and warns investors have a tough 12 months ahead. The Tesla, Twitter, and SpaceX chief spoke during his automaker's shareholder meeting and a CNBC interview on Tuesday. "I think Tesla will have a ChatGPT moment, maybe if not this year, I'd say no later than next year." And I think that's just generally true for the economy." And now I think they're going to be slow to lower them."

☆ With a debt ceiling deal on the horizon, Jim Cramer says stay invested, but keep cash in reserve to buy into weakness
▼ + stars: | 2023-05-17 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer said on Wednesday not to agonize over investments as Washington edges closer to a debt-ceiling deal. As investors saw on Tuesday, news about lawmakers' debt ceiling compromise often breaks after market's close, too late to maximize buying opportunities. To that, Cramer offered advice about how to keep cool and stay ahead of the curve. "Stay invested, but keep a nice chunk of cash to buy more into weakness. Cramer feels the debt-ceiling debacle illustrates why investing is so difficult: investors need to make predictions while ensuring they're ahead of the crowd.

☆ Elon Musk says 'I am the reason OpenAI exists' and that he 'came up with the name.'
▼ + stars: | 2023-05-17 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Elon Musk took credit for the existence of OpenAI and said he came up with the startup's name. "I am the reason OpenAI exists," Musk told CNBC's David Faber in a Tuesday interview. "I came up with the name," Musk told CNBC. Musk told CNBC Microsoft could "cut off OpenAI" at any point and has a lot of control over the startup. OpenAI, Microsoft, and Musk did not immediately respond to Insider's requests for comment sent outside regular business hours.

☆ Home Depot Sales Decline More Heavily Than Expected
▼ + stars: | 2023-05-16 | by ( Dean Seal | ) www.wsj.com time to read: 1 min

Home Depot customers are holding off on making big-ticket purchases that can be easily deferred. Photo: Dustin Chambers/Bloomberg NewsHome Depot ’s first-quarter sales fell more steeply than expected as lumber prices slid and demand in certain big-ticket, home-improvement categories weakened. The chain lowered its sales and earnings guidance for fiscal 2023 as a result.

☆ Home Depot cuts forecasts, signals weakness ahead for big US retailers
▼ + stars: | 2023-05-16 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

Home improvement retailers have now lost their pandemic-era sparkle as consumers shift away from home renovations and focus on travel, vacations and other services, driving quarterly transactions 4.8% lower at Home Depot. Home Depot kicks off a big week for U.S. retailers' earnings, with Target Corp (TGT.N) and Walmart Inc (WMT.N) scheduled to report on Wednesday and Thursday, respectively. Home Depot now expects fiscal 2023 comparable sales to fall between 2% and 5%, compared to its prior outlook for nearly flat sales. The company forecast earnings per share to decline between 7% and 13%, compared to a mid-single digits decline estimated previously. The company posted a profit of $3.82 per share, above estimates of $3.80.

☆ Home Depot cuts annual sales forecast on slowing demand
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +2 min

Shares of the largest U.S. home improvement chain tumbled about 4% in premarket trading after the company also missed first-quarter sales estimates, hit by adverse weather and falling lumber prices. The company now expects comparable sales to decline between 2% and 5% in fiscal 2023, compared to its prior outlook for sales to remain nearly flat. Analysts were expecting comparable sales to decline 0.9% this year, according to Refinitiv IBES data. The company forecast earnings per share to decline between 7% and 13%, compared to prior expectations for a mid-single digits decline. Home Depot's first-quarter comparable sales decreased 4.5%, missing estimates of a 1.74% drop.

☆ Jim Cramer: Home Depot's miss shouldn't surprise anyone — it could be much worse
▼ + stars: | 2023-05-16 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

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. 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.

☆ Falling lumber prices and lower spending by DIY customers drags on Home Depot sales and stock price
▼ + stars: | 2023-05-16 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

Sliding lumber prices and softer consumer demand hit sales at Home Depot in the first quarter. Framing lumber prices dropped 64% in a year, while sales for patio furniture and grills softened. Shares of Home Depot fell as much as 3.9% to an intraday low of $277.10, the weakest price since late October. Lumber prices have also dramatically come off highs hit during the COVID-19 pandemic. Comparable sales fell by 4.5% in the quarter ended April 30 and declined by 4.6% at US stores.

☆ Home Depot posts worst revenue miss in about 20 years, lowers forecast as consumers delay big projects
▼ + stars: | 2023-05-16 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +4 min

Home Depot reported its biggest revenue miss in more than 20 years and lowered its forecast for this year, as consumers delay big projects and buy fewer big-ticket items like patio sets and grills. The company said it now expects sales and comparable sales to decline between 2% and 5% for the fiscal year. Yet he said the anticipated pullback has been compounded by rising mortgage rates and a shift toward spending on services. It marked the second quarter in a row that Home Depot missed Wall Street's revenue expectations. Home Depot in the quarter sold fewer pricier discretionary items, such as new appliances, McPhail said.

☆ Consumer spending trailing consumer sentiment lower. Look at Home Depot
▼ + stars: | 2023-05-16 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Recent consumer sentiment reports have been poor, so it's reasonable to assume the consumer spending backdrop has softened. The company is cutting guidance due to the weaker lumber prices, weather and is also citing "further softening of demand relative to our expectations, and continued uncertainty regarding consumer demand." If we are on the side of the American consumer (I am), then lower lumber prices are good, right? Running shoes are hot. Second case in point: On Holding (ONON), which makes the trendy ON running shoes, is up 94% YTD.

☆ Homebuilder sentiment pulls out of negative territory for the first time in nearly a year
▼ + stars: | 2023-05-16 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

It's the fifth straight month of gains and the first reading of builder sentiment since July that wasn't negative, which would be a reading below 50. With mortgage rates now double what they were a year and a half ago, some potential sellers may be reluctant to trade to another home at a higher rate. Homebuilders also drew more buyers by offering incentives, like buying down mortgage rates. Sentiment in the Midwest rose 2 points to 39. In the South, it increased 3 points to 52, and in the West moved 3 points higher to 41.

☆ Jim Cramer's top things to watch in the stock market Tuesday
▼ + stars: | 2023-05-16 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

☆ Home Depot shares fall on revenue miss. Here's how the pros are playing it
▼ + stars: | 2023-05-16 | by ( Joshua Natoli | ) www.cnbc.com time to read: 1 min

Market Movers rounded up the best reactions from investors and analysts as Home Depot shares fell after its first-quarter revenue missed Wall Street estimates. The home improvement retailer reported its biggest revenue miss in more than 20 years before the opening bell Tuesday. The company lowered its sales forecast for the rest of the year, saying consumers are buying fewer big-ticket items and instead focusing on smaller projects. Colder weather in some areas and falling lumber prices also hurt the top-line. Home Depot's stock price finished the trading day 2% lower.

☆ RIP, Lumber-Futures Contract That Jumped During Covid-19
▼ + stars: | 2023-05-14 | by ( Ryan Dezember | ) www.wsj.com time to read: 1 min

This video explains what’s driving the lumber boom, who’s profiting, and why those growing the trees aren’t reaping the benefits. Illustration: Liz Ornitz/WSJThe lumber-futures contract that soared during the pandemic and heralded the Covid building boom, broken supply chains and inflation will trade in its final session on Monday. The longtime barometer of wood prices and building activity is being retired and replaced with a new lumber-futures contract in an effort by exchange operator CME Group to boost trading.

☆ Why Prices, Inflation Are Still Soaring: Corporate Price Gouging
▼ + stars: | 2023-05-02 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +16 min

While many of the problems that helped trigger the upward spiral have abated, prices are still high and getting higher. The idea that companies are taking advantage of disruptions to push price increases on consumers has many names — greedflation, excuseflation, price gouging, corporate profiteering — but the gist is the same. Supply-chain issues and other disruptions made sense as drivers of higher prices, Chris Becker, a senior economist and the associate director of policy and research at the Groundwork Collaborative, told me. "Working people are suffering thanks to corporate greed, so we need to enact tougher rules to ensure corporations pay a price when they price gouge." Working people are suffering thanks to corporate greed, so we need to enact tougher rules to ensure corporations pay a price when they price gouge.

☆ The Building Boom Is Prolonging Market Pain
▼ + stars: | 2023-04-30 | by ( Ryan Dezember | Will Parker | ) www.wsj.com time to read: 1 min

The building boom has helped push unemployment to around its lowest level in more than 50 years. That is perplexing investors who want to see the Federal Reserve switch course on interest rates. Construction spending and employment have risen to new records this year, boosted by government outlays for infrastructure, a domestic manufacturing renaissance and a wave of apartment building that got off to a slow start during the pandemic when prices for building materials, such as lumber, were sky high.

☆ These indicators tell us the housing market is hitting the brakes
▼ + stars: | 2023-04-28 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Before we rush into the weekend, let's check in with the slowing pace of the housing market, and what that means for the rest of the year's outlook. Another sign pointing to a softer housing market is lumber. But that's going to reverse in the decade ahead as Boomers age out of the housing market and post-Millennial generations shrink. What are you seeing in the housing market in your part of the country? In other news:A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 9, 2020.

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