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☆ Jim Cramer's top 10 things to watch in the market Monday: Industrials, Salesforce activists, semis
▼ + stars: | 2023-01-23 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Another activist investor, Elliott Management, takes a big stake in Club holding Salesforce (CRM), according to media reports . Same upgrade for Club holding Advanced Micro Devices (AMD); PT increase to $85 from $70. Club holding Ford (F) will have to lower prices for Mustang Mach-E. Not much competition for F-150 Lightning EV pick-up. JPMorgan downgrades Levi Strauss (LEVI) to neutral from overweight (buy); cuts price target by $2 to $17 per share. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Rent the Runway is now selling secondhand luxury clothes on Amazon from 35 designers including Tory Burch and Kate Spade.
▼ + stars: | 2023-01-12 | by ( Bethany Biron | ) www.businessinsider.com time to read: +3 min

Rent the Runway is now selling secondhand luxury goods on Amazon. Rent the Runway CEO Jenn Hyman said the collaboration will foster "incredible brand awareness." As part of a collaboration with Amazon Fashion, the rental company is offering lightly worn styles from more than 35 brands, including Diane Von Furstenberg, Tory Burch, and Kate Spade. The partnership also will feature items from the RTR Design Collective, clothes from emerging designers sold exclusively for Rent the Runway, the company announced on Thursday. The Amazon collaboration will join existing resale retail partnerships Rent the Runway currently has with Saks Off Fifth and ThredUp.

☆ Rent the Runway to sell secondhand luxury on Amazon as it chases profitability
▼ + stars: | 2023-01-12 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +2 min

Rent the Runway began selling its secondhand luxury clothes Thursday on Amazon as the subscription-based startup continues to chase profitability. Rent the Runway CEO Jennifer Hyman said the relationship could be a "key engine" of growth for the retailer. "It really brings Rent the Runway much wider brand awareness," Hyman said in an interview with CNBC. The resale market, and Amazon's wide customer base, offer a path to profitability, Hyman said. The total resale market in the U.S. is on track to top $64 billion by the end of 2024, according to research firm GlobalData.

☆ Goldman basket of U.S. stocks linked to China is starting to beat the market — Here's what's in it
▼ + stars: | 2023-01-09 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

"Recent easing of China's zero-Covid policy represents one upside risk to S & P 500 profits via stronger 2023 global growth," David Kostin, Goldman's head of U.S. equity strategy, said in a note to clients. Since the start of the fourth quarter, a basket of stocks with high China sales exposure has outperformed stocks with high domestic sales exposure by eight percentage points, Kostin said. Still, Goldman cautioned that a faster-than-expected exit from the zero-Covid policy nonetheless suggests weaker near-term growth as the infection rate dramatically increases. For investors wanting to capitalize on the rebound, here are the U.S. stocks with the highest percentage of revenue tied to China, according to Goldman. U.S. companies with a major China footprint include iPhone maker Apple , which has rallied more than 2% year to date.

☆ Bank of America unveils the most 'attractive' must-own stocks for 2023
▼ + stars: | 2023-01-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America analysts said this week there are several stocks every investor must own for 2023. CNBC Pro combed through Bank of America research to find its top stocks to own this year. Bank of America says China reopening is a positive catalyst likely to send Starbucks shares higher. Shares are up more than 25% over the last six months and Bank of America calls Tapestry one of its best ideas for 2023. Tapestry "Tapestry remains a top pick given our view of its sustainable pricing power and solid capital return plan.

☆ Wall Street analyst calls on Thursday including Tesla & Amazon
▼ + stars: | 2023-01-05 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Barclays names Starbucks a top 2023 pick Barclays said the coffee giant is a "best-in-class" stock for 2023. UBS names Chipotle a top 2023 pick UBS said the Mexican chain restaurant is defensive in a "tough macro." Bank of America downgrades PNC to underperform from neutral Bank of America said shares of PNC are trading at a premium. Bank of America downgrades Ally Financial to underperform from buy Bank of America said Ally is most exposed to auto loans. Bank of America reiterates Amazon as buy Bank of America said Amazon layoffs are "not a positive signal, but good for sentiment."

☆ Factbox: Tech firms leading job cuts in Corporate America
▼ + stars: | 2023-01-04 | by ( ) www.reuters.com time to read: +9 min

Jan 9 (Reuters) - Big Tech firms are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Microsoft Corp (MSFT.O):The software giant laid off under 1,000 employees across several divisions in October, Axios reported, citing a source. However, Bloomberg later reported Twitter was reaching out to dozens of employees who lost their jobs, asking them to return. HP Inc (HPQ.N):The computing devices maker said it expected to cut up to 6,000 jobs by the end of fiscal 2025. CNN:Warner Bros Discovery-owned (WBD.O) CNN's top boss Chris Licht informed employees in an all-staff memo that job cuts were underway.

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Hostess, Home Depot, Rivian, Netflix & more
▼ + stars: | 2022-12-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are Tuesday's biggest calls on Wall Street: Atlantic Equities names Coca-Cola as a top 2023 pick Atlantic Equities said it sees "category momentum" for shares of the beverage giant. JPMorgan reiterates Apple as overweight JPMorgan cut its price target on Apple to $190 per share from $200 due to supply chain challenges concerns. JPMorgan names Amazon as a top 2023 pick JPMorgan said Amazon is the "most diversified mega-cap across revs/profit & has numerous large growth opportunities." JPMorgan resumes DuPont as overweight JPMorgan resumed coverage of the stock and said it sees several positive catalysts ahead. JPMorgan names Bank of America a top 2023 pick JPMorgan said it likes the stock due to a "lower share of nonprime consumer loans."

☆ Human Composting Should Be an Option for New Yorkers - The New York Times
▼ + stars: | 2022-12-05 | by ( Caitlin Doughty | ) www.nytimes.com time to read: +12 min

Human composting — or, as it’s sometimes referred to, natural organic reduction — fulfills many people’s desire to nurture the earth after dying. In its place, Ms. Spade founded Recompose, a new for-profit company designed to bring human composting to the public. I have no stake in Recompose or any other human composting company.) Human composting, by Recompose’s reckoning, uses just an eighth of this energy and falls in total price between cremation and conventional burial at around $7,000. Human composting reframes the dead body: not something to be protected from nature and the elements, but something meant to return to them.

☆ AMC Networks CEO Christina Spade, who worked for just 3 months, is entitled to a payout of over $10 million
▼ + stars: | 2022-11-30 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

AMC Networks CEO Christina Spade stepped down after only three months in her new role. She is entitled to a severance payout of at least $10.5 million. A November 28 filing details that Spade would receive the severance benefits laid out in her employment agreement. Spade, who joined AMC Networks as CFO last year and became CEO in September, had a minimum annual base salary of $1.75 million, as well as a bonus of double that salary, according to the agreement. "We of course realize that this will cause significant concern and anxiety for our employees and those who rely on AMC Networks for their livelihood," the memo said.

☆ AMC Networks booted its CEO after only 3 months, gave her a $10 million payout, and cut about 20% of its staff. So much for workers being empowered.
▼ + stars: | 2022-11-30 | by ( Rebecca Knight | Marguerite Ward | ) www.businessinsider.com time to read: +6 min

Former AMC CEO Christina Spade got a $10 million payout after only three months on the job. AMC's former CEO getting a massive payout for three months of work is not good for shareholder capitalism or stakeholder capitalism. "But AMC's former CEO getting a massive payout for three months of work is not good for shareholder capitalism or stakeholder capitalism. Ja_inter/Getty ImagesLayoffs vs. the golden parachuteResearch shows that CEO severance packages serve an important purpose in corporate America. And some investor groups have recently proposed votes to curb CEO pay.

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☆ AMC Networks Plans Layoffs as CEO Christina Spade Exits
▼ + stars: | 2022-11-29 | by ( Jessica Toonkel | Will Feuer | ) www.wsj.com time to read: 1 min

Christina Spade, who departed AMC Networks as CEO on Tuesday, is set to receive more than $10 million in severance. AMC Networks Inc. is planning large-scale layoffs, according to a staff memo from its chairman, a sign of further disruption at a company that earlier Tuesday announced its chief executive had stepped down. “We of course realize that this will cause significant concern and anxiety for our employees and those who rely on AMC Networks for their livelihood,” AMC Chairman James Dolan said in the memo which was reviewed by The Wall Street Journal. “We do not take this lightly. We will take every step possible to minimize the impact of these actions on our community.”

☆ AMC Networks Plans Layoffs as CEO Christina Spade Steps Down
▼ + stars: | 2022-11-29 | by ( Jessica Toonkel | Will Feuer | ) www.wsj.com time to read: 1 min

Christina Spade, who exited AMC Networks on Tuesday, is set to receive more than $10 million in severance. AMC Networks Inc. is planning large-scale layoffs, according to a staff memo from the entertainment company’s chairman, a sign of further disruption at a company that earlier Tuesday announced its chief executive had stepped down. “We of course realize that this will cause significant concern and anxiety for our employees and those who rely on AMC Networks for their livelihood,” AMC Chairman James Dolan said in the memo. “We do not take this lightly. We will take every step possible to minimize the impact of these actions on our community.”

☆ AMC Networks CEO Christina Spade Steps Down After Less Than Three Months
▼ + stars: | 2022-11-29 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

Christina Spade is set to receive more than $10 million in severance, among other benefits, AMC Networks said. AMC Networks Inc. said Chief Executive Christina Spade has stepped down from her role less than three months after taking the reins of the entertainment company. The company said its board is finishing work to name a replacement.

☆ AMC Networks to Lay Off 20% of U.S. Workers as CEO Christina Spade Exits
▼ + stars: | 2022-11-29 | by ( Jessica Toonkel | Will Feuer | ) www.wsj.com time to read: 1 min

AMC Networks Inc. said it is planning to lay off about 20% of its U.S. employees, a sign of further disruption at a company that earlier Tuesday announced its chief executive had stepped down less than three months after taking the reins. “We have determined we need to conserve resources at this time,” the entertainment company said Tuesday. “This will involve cutbacks in operations which unfortunately includes a large-scale layoff, impacting approximately 20% of our employees in the U.S.” AMC said it has about 1,000 U.S. employees.

☆ AMC Networks CEO exits after brief stint; plans 20% U.S. job cuts
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: +2 min

Shares of the cable TV network, home to hit shows such as "Mad Men" and "The Walking Dead", fell 4.4% on Tuesday. AMC Networks had 1,739 full-time and 287 part-time employees as of Dec. 31, according to a regulatory filing. Cord cutting and a gloomy advertising market have weighed on the company's business, with shares down 40% year to date. Revenue in the division surged 41% in the last reported quarter, even as the company's overall revenue slumped 16%. In September, she took the helm from Matt Blank who had held it on an interim basis after long-time Chief Executive Officer Josh Sapan stepped down in August last year.

☆ AMC Networks CEO exits after less than three months in role
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: +2 min

Nov 29 (Reuters) - AMC Networks' (AMCX.O) Christina Spade has stepped down as chief executive officer, less than three months after taking over the role, sending the company's shares down 5% on Tuesday. "We thank Christina for her contributions to the company in her CEO role and her earlier CFO (chief financial officer) role, and we wish her well in her future endeavors," Chairman James Dolan said in a brief statement. AMC Networks did not respond to a request for comment on the layoffs. Cord cutting and a gloomy advertising market have weighed on the company's business, with shares down 40% year to date. Revenue in the division surged 41% in the last reported quarter, even as the company's overall revenue slumped 16%.

AMC Networks told its employees Tuesday that it is planning significant layoffs, according to a memo obtained by CNBC and people familiar with the matter. In recent years, AMC Networks has been seen as an acquisition target for larger media companies. We have directed the executive leadership of AMC Networks to undergo significant cutbacks in operations. These will include a large-scale layoff as well as cuts to every operating area of AMC Networks. We are confident that AMC Networks will come through this even stronger.

☆ 8 retails stocks to buy from top analysts as Target signals tough times for the sector
▼ + stars: | 2022-11-16 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

Target on Wednesday reported that its profit fell by 50% as it tried to clear out excess inventory in the third quarter. To find a list of top-ranked retail stocks, CNBC Pro searched Tipranks for names in the sector rated at least a "strong buy" and with a more than 20% upside to the consensus price target. Callaway Golf has the largest upside to its consensus price target, with analysts saying it could surge more than 79% from where it currently trades. Jefferies boosted its price target on the name after its third-quarter earnings beat expectations and it raised its guidance for the fourth quarter. The company is strongly backed by Wall Street and has a more than 43% upside to its consensus price target as it's been beaten up this year.

[1/4] A signage is seen in the offices of Tapestry, Inc., in Manhattan, New York, U.S., November 19, 2021. Accessible luxury brands such as Michael Kors and Ralph Lauren are likely to feel a bigger pinch than higher-priced brands, as their young core customer base looks for deals at the lower end of the fashion spectrum. Ralph Lauren said its holiday quarter revenue would be hit by slowing demand in North America and Europe, where soaring energy costs are also pinching consumer wallets. Tapestry and Ralph Lauren also warned a stronger dollar would hit their earnings. Ralph Lauren shares, which have lost almost a quarter of their value this year, rose about 5% in premarket trading after the company beat second-quarter sales and profit expectations.

☆ Stocks making the biggest moves premarket: Tapestry, WeWork, Rivian and others
▼ + stars: | 2022-11-10 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Tapestry slid 2% in premarket trading. Nio shares jumped 5.5% in premarket trading. AstraZeneca (AZN) – AstraZeneca gained 4.8% in premarket trading after the drug maker reported upbeat quarterly results and raised its full-year profit forecast. Bumble (BMBL) – Bumble slumped 14% in premarket action after issuing a weak current-quarter revenue forecast. ZipRecruiter (ZIP) – ZipRecruiter surged 12.6% in premarket trading after the online jobs site operator posted better-than-expected quarterly results and raised its full-year forecast.

☆ Stocks making the biggest moves midday: Six Flags, Rivian, Bumble, Coinbase, Dutch Bros and more
▼ + stars: | 2022-11-10 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Coinbase – The cryptocurrency exchange was up 9.6% after Oppenheimer said Coinbase was well-positioned while the larger sector was having its "Lehman Brothers moment." Rivian – The electric vehicle maker jumped 18% after the company reported a smaller-than-expected quarterly loss and said its production would remain on track despite supply chain snafus. Bumble – Shares of the company known for its dating platforms added 6.4% even after Bumble issued a weak current quarter revenue forecast and missed expectations. ZipRecruiter – The hiring platform jumped 16.5% after it beat expectations for the quarter and raised its full-year forecast. Dutch Bros – Shares of coffee chain Dutch Bros surged 18.2% after the company reported solid quarterly earnings that beat Wall Street expectations.

☆ Elon Musk addresses advertisers and asks them to keep using Twitter
▼ + stars: | 2022-11-09 | by ( Brian Fung | ) edition.cnn.com time to read: +6 min

To his critics, and to companies that have paused advertising on Twitter, Musk asked to be given a chance. Users who pay for Twitter Blue, the platform’s subscription service, will not be required to provide identifying information other than a credit card and a phone number, Musk confirmed. Brands will be expected to foot the bill for their own verification on Twitter Blue, Musk said. Yoel Roth, Twitter’s head of integrity and safety, said Twitter is increasing its investment in ideas to battle hateful content. Musk also described Twitter’s existing verification system as a “lords and peasants situation” and compared it to the American Revolutionary War.

☆ Factbox: Corporate America lays off thousands as recession worries mount
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +7 min

DoorDash Inc (DASH.N):The food delivery firm, which enjoyed a growth surge during the pandemic, said it was reducing its corporate headcount by about 1,250 employees. Twitter Inc:The social media company laid off half its workforce across teams ranging from communications and content curation to product and engineering following Elon Musk's $44 billion takeover. Chime Financial Inc:The online banking firm has laid off 12% of its employees, or about 160 jobs, a spokesperson said. Coinbase Global (COIN.O):The cryptocurrency exchange said it planned to cut over 60 jobs, in its recruiting and institutional onboarding teams. CNN:Warner Bros Discovery-owned (WBD.O) CNN's top boss Chris Licht informed employees in an all-staff memo that job cuts were underway.

☆ Want to live in a van down by the river? Ford has a new vehicle for that
▼ + stars: | 2022-11-03 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

Ford says Transit Trail owners will have access to the Ford Pro network of upfitters and interior installers to create the interior space they desire. The Detroit automaker on Thursday revealed the 2023 Ford Transit Trail Van, a new lifted model of its full-size van equipped with all-wheel-drive and more durable, off-road parts for outdoor enthusiasts. Ford is touting the Transit Trail Van as a gateway into "van life," a community of travelers who fully or partially live in their vehicles. The 2023 Ford Transit Trail Van will go on sale in the spring, starting at $65,975. That's about $15,000 more than a base passenger Transit van.

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