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☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, First Republic, Charles Schwab, Match & more
▼ + stars: | 2023-03-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Wells Fargo reiterates PNC as overweight Wells said PNC should benefit from a "flight to quality." Deutsche Bank reiterates Charles Schwab as buy Deutsche said liquidity risks for Charles Schwab are overblown. Wells Fargo reiterates Western Alliance Bancorp as overweight Wells said it's standing by shares of the regional bank. Wells Fargo reiterates American Express as overweight Wells said investors should buy the dip in American Express shares. Bank of America reiterates Amazon as buy Bank of America said it's standing by its buy rating on shares of Amazon.

☆ Dick's Sporting Goods beats Wall Street's expectations for holiday quarter
▼ + stars: | 2023-03-07 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

A Dick’s Sporting Goods store stands in Staten Island on March 09, 2022 in New York City. Dick's Sporting Goods on Tuesday reported holiday quarter results that beat Wall Street's expectations, citing a sales boost from the gift-giving season even with inflation-weary consumers. Same-store sales increased 5.3% during the fourth quarter, more than double analysts' estimates of 2.1%, according to StreetAccount. Analysts polled by Refinitiv had expected fiscal 2023 EPS of $12. But the company feels confident it has resolved its supply chain dilemma as it heads into the 2023 fiscal year.

☆ Stocks making the biggest premarket moves: Meta, Rivian, WW International, KeyCorp and more
▼ + stars: | 2023-03-07 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

WW International — Shares of company formerly known as Weight Watchers jumped as much as 17.6% in premarket trading after announcing a deal to acquire telehealth firm Sequence. The Wall Street firm said the aircraft's weight has raised questions and led him to wonder if the design is "overly aggressive." Its price target of $39 implies 24.5% upside from Monday's close. The Wall Street firm said there is a large unmet need for resistant hypertension treatment and said Mineralys has "potential best-in-class" data. The Wall Street firm said Hensai "outshines peers, with its superior scale and margin, and its strong project pipeline."

☆ Puma sees 2023 profit at about last year's level as costs weigh
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +1 min

March 1 (Reuters) - German sportswear maker Puma (PUMG.DE) on Wednesday gave 2023 operating profit outlook with midpoint below last year's level, as it expects currency effects and higher freight and raw material costs to again weigh on profitability. Rising materials and freight costs as well as stronger U.S. dollar, inventory markdowns and higher promotion expenses have put pressure on margins in the sporting goods sector. The company sees operating profit (EBIT) in a range of 590 million to 670 million euros ($626 million to $711 million) this year, with currency-adjusted sales growth in a high-single-digit percentage rate. It reported EBIT of 641 million euros for 2022, up from 557 million a year earlier but slightly below the 644 million euros expected by analysts, according to Refinitiv Eikon data. Puma had guided for 2022 EBIT in a range of 600 million to 700 million euros.

☆ Stocks making the biggest premarket moves: Dish, Target, Zoom, Arconic and more
▼ + stars: | 2023-02-28 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Check out the companies making the biggest moves in premarket trading:Dish Network — The satellite company's shares fell almost 5% amid its multi-day service outage and double-downgrade from Bank of America. Revenue also beat, but Target's full-year EPS guidance came in below expectations. Arconic — Shares fell 3.5% following a downgrade to sell from neutral by Goldman Sachs. Full-year revenue guidance came in lighter than expected, but its earnings guidance topped estimates. Workday — The human resources software fell 2.4% after its revenue guidance for the first quarter came in lighter than expected.

☆ Drivers urged to help steer F1 away from 'moral vacuum'
▼ + stars: | 2023-02-28 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

LONDON, Feb 28 (Reuters) - Lewis Hamilton and other Formula One drivers can help steer the sport away from a 'moral vacuum' by speaking out at season-opening races in Bahrain and Saudi Arabia, human rights campaigners said on Tuesday. One is a road which is a moral vacuum where the leaders and the administrators seem to going," he said. It called for an independent enquiry to examine the role of races in human rights violations. Bahrain's government has said it "actively supports the role Formula One can play in shedding light on human rights issues in all countries it operates in". Scriven said Formula One drivers would be justified in refusing to race in certain countries if the sport failed to put in place a proper ethical framework.

☆ Formula 1: The FIA clarifies free speech rule after fierce backlash from Lewis Hamilton and drivers
▼ + stars: | 2023-02-20 | by ( ) www.cnbc.com time to read: +1 min

Drivers take a knee to protest against racism ahead of the F1 70th Anniversary Grand Prix at Silverstone on Aug. 9, 2020. Formula 1's governing FIA has said drivers will be allowed to make political statements only in "exceptional" circumstances after seeking to clarify its contentious new law. The sporting federation recently updated its rules to prevent "political, religious or personal" remarks being made without prior approval. However, the FIA has attracted a fierce backlash from a number of drivers — with seven-time world champion Lewis Hamilton this week insisting he will not be silenced, and Lando Norris accusing F1's rulers of treating drivers like schoolchildren. However, drivers will face sanctions if they oppose the law while on track — such as during the national anthem before a race or on the podium.

☆ This exec is using technology to improve the fan experience at live events
▼ + stars: | 2023-02-17 | by ( Sponsor Post | Created Insider Studios With Ibm | ) www.businessinsider.com time to read: +6 min

Using IBM technologies and volumetric video systems, he's giving people an opportunity to more effectively engage with events, such as sports matches. Together, Canon and IBM are giving viewers access to an immersive video experience by enabling video viewpoints from any angle. "With a volumetric video, you can watch sports from inside the field," he said. Volumetric video systems use more than 100 digital cameras to capture and digitize places, such as stadiums. Date and his team tapped IBM to aid in the development of volumetric video technology.

☆ Here are Thursday's biggest analyst calls: Apple, Tesla, Generac, Coinbase, Meta, Roku, Roblox & more
▼ + stars: | 2023-02-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Thursday's biggest calls on Wall Street: Bernstein reiterates Tesla as underperform Bernstein said Tesla sharers remain overvalued. Loop reiterates Apple as buy Loop said it sees attractive iPhone revenue upside for Apple. Canaccord upgrades Generac to buy from hold Canaccord said it sees "storm clouds breaking" for shares of Generac. JPMorgan reiterates Roku as overweight JPMorgan said it's standing by shares of Roku after the company's earnings results on Wednesday. " Bernstein reiterates Meta as outperform Bernstein kept its outperform rating on the social media giant and says it likes the company's "clear cost takeout plan."

☆ Moscow says calls to ban Russian athletes from Olympics 'unacceptable'
▼ + stars: | 2023-02-11 | by ( ) www.reuters.com time to read: +2 min

MOSCOW, Feb 11 (Reuters) - Russian Sports Minister Oleg Matytsin said on Saturday that calls from ministers of more than 30 countries to ban Russian and Belarusian athletes from the 2024 Olympics were unacceptable, TASS news agency reported. A group of 35 countries, including the United States, Germany and Australia, will demand that Russian and Belarusian athletes are banned from the 2024 Olympics, Lithuania's sports minister said on Friday, deepening the uncertainty over the Paris Games. The move cranks up the pressure on an International Olympic Committee (IOC) that is desperate to avoid the sporting event being torn asunder by the conflict unfolding in Ukraine. "This is a direct interference of ministers in the activities of independent international sports organizations, an attempt to dictate the conditions for the participation of athletes in international competitions, which is absolutely unacceptable," Matytsin was quoted as saying by TASS. The IOC has opened the door for Russian and Belarusian athletes to compete as neutrals.

☆ Adidas forecast for 2023 sales slump spooks investors
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +2 min

BERLIN, Feb 10 (Reuters) - Adidas flagged that it expects a high single-digit decline in sales this year, sending its shares more than 10% lower in premarket trade early on Friday. Analysts on average had expected a 4% rise in 2023 revenue on a currency-neutral basis and operating profit of 1.02 billion euros, according to a consensus published on Adidas' website. The news came as it missed its own forecasts with a rise of just 1% in 2022 revenue in currency-neutral terms. Jefferies cut its recommendation on Adidas stock to "hold" from "buy", citing "challenges in articulating the mid-term profit delivery". ($1 = 0.9307 euros)Reporting by Victoria Waldersee and Maria Sheahan; editing by Kirsten Donovan and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

☆ Adidas forecasts high single-digit sales decline in 2023
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Feb 9 (Reuters) - Adidas (ADSGn.DE) said on Thursday its revenue grew by 1% in currency-neutral terms in 2022, lagging its forecasts, and flagged that it expects a high single-digit decline in sales in 2023. The sporting goods maker said not selling its existing Yeezy stock could reduce revenue by around 1.2 billion euros ($1.29 billion) in 2023 and operating profit by around 500 million. Writing off the inventory altogether would lead to an additional 500 million euro drop in operating profit, it said, along with one-off costs in 2023 of up to 200 million euros as part of a review to return to profitable growth in 2024. "Against this background, Adidas expects currency-neutral sales to decline at a high-single-digit rate in 2023," it said in its statement. ($1 = 0.9307 euros)Reporting by Victoria Waldersee; Editing by Susan FentonOur Standards: The Thomson Reuters Trust Principles.

☆ Why Dick's Sporting Goods succeeded where Sports Authority failed
▼ + stars: | 2023-02-08 | by ( Darren Geeter | ) www.cnbc.com time to read: +5 min

The most significant player in the space, Dick's Sporting Goods, controls an estimated 14.2% of the market, the most by a single company. Dick's Sporting Goods was founded in 1948 by 18-year-old Dick Stack who had just $300 in his pocket when he opened his first store. In the 1990s, the company expanded its offerings to include more sports, outdoor equipment, apparel and footwear, and by 1996, there were 50 Dick's Sporting Goods stores. While Dick's Sporting Goods was expanding, its archrival Sports Authority was on the verge of collapse. Dick's Sporting Goods' momentum continued well into 2021 as the company set new records.

The deal gives Sorare a four-year license to sell digital sports cards of players from all 20 Premier League clubs, Sorare said in a statement on Monday. Sky News reported in October that the deal could be worth 30 million pounds ($37.13 million) per year. Paris-based Sorare raised $680 million at a $4.3 billion valuation in a 2021 funding round led by SoftBank. Britain's gambling watchdog has been investigating Sorare since 2021 to assess whether its game amounts to gambling. "The way that supporters follow their favourite teams and players is evolving and the Premier League is always looking for ways to engage with fans," said Richard Masters, chief executive of the Premier League.

☆ Consumers are going to trade down in a big way this year — How to play it from Bank of America
▼ + stars: | 2023-01-18 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Here are three of Bank of America's trade-down picks, which Ohmes expects to outperform in 2023. Consumers looking to save money on a gym membership could quit their mid-tier gym and join Planet Fitness for $10 to $25 a month. During the 2008-2009 downturn, Planet Fitness' same-store sales averaged 21% as consumers shifted away from higher-priced options, Ohmes said. Planet Fitness also has rapidly expanding margins and return on invested capital, as well as growth in its equipment segment, Ohmes said. PLNT 1Y mountain Planet Fitness' 12-month performance Bank of America's price target of $100 per share implies 21% upside from Tuesday's close.

☆ 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.

☆ Morning Bid: Paging Mr. Powell
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +2 min

Asian stocks edged lower on Tuesday after recent gains even as Asian tourism-focused businesses geared up for a return of Chinese tourists after the country's borders reopened on Monday. Later on Tuesday, Fed boss Powell is set to make a speech that could give further clarity on the pace of rate hikes while U.S. inflation data out on Thursday will further cement expectations. In Japan, consumer inflation exceeded the central bank's 2% target for a seventh straight month in a sign of broadening inflationary pressure. Reuters Graphics Reuters GraphicsMeanwhile, the French need to prepare to work longer than they do now. Reporting by Anshuman Daga; Editing by Sam HolmesOur Standards: The Thomson Reuters Trust Principles.

☆ Bills ride emotional win into NFL postseason
▼ + stars: | 2023-01-09 | by ( Steve Keating | ) www.reuters.com time to read: +4 min

With 19 teams still in the postseason hunt entering the final weekend, there was no shortage of gridiron suspense unfolding across the United States. At every stadium before kickoff there was an announcement acknowledging Hamlin and the first responders and medical caregivers. But the Bills that provided Hamlin with the best tribute of all, harnessing their emotions to secure a victory and the AFC second seed. "We just wanted to come out and play free, play loose, play for (Damar)," said Bills quarterback Josh Allen, who also threw three touchdown passes. Despite the loss, the Giants also qualify for the postseason, moving on to the wildcard, where they will face the Minnesota Vikings.

☆ Danielle Reyna told U.S. Soccer about Berhalter domestic violence incident - reports
▼ + stars: | 2023-01-05 | by ( Rory Carroll | Thomson Reuters | Los Angeles-Based Sports Reporter Who Interviews The Most Impactful Athletes | ) www.reuters.com time to read: +2 min

Jan 4 (Reuters) - Danielle Reyna, the mother of U.S. men's national team midfielder Gio Reyna, notified U.S. Soccer last month about a 1991 incident where head coach Gregg Berhalter kicked his wife, ESPN and other outlets reported on Wednesday. Gio Reyna, 20, later confirmed in an Instagram post that Berhalter was talking about him. Danielle is the wife of former national team captain Claudio, who is the sporting director for Austin FC. Danielle, Claudio and Gio Reyna did not respond to requests for comment. But the federation on Wednesday announced that current assistant coach Anthony Hudson would lead the team during its January camp while a "technical review" of the men's national team program was conducted.

☆ Nike stock jumps 10% after earnings and revenue top expectations
▼ + stars: | 2022-12-20 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +3 min

People walk past a store of the sporting goods retailer Nike Inc. at a shopping complex in Beijing, China March 25, 2021. Nike on Tuesday reported quarterly results that easily topped Wall Street's expectations, even as higher costs squeezed the company's margins. Nike reported revenue of $13.32 billion, up 17% from $11.36 billion a year earlier. Inventories were up 43% to $9.3 billion in the quarter, compared to last year. Nike Direct sales were up 16% for the quarter at $5.4 billion and digital sales were up 25%.

☆ Endrick: Real Madrid signs 16-year-old Brazilian striker from Palmeiras for reported $63.6 million fee
▼ + stars: | 2022-12-15 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +2 min

CNN —Real Madrid has signed the highly-touted 16-year-old Brazilian forward Endrick from Brazilian club Palmeiras, both clubs announced on Thursday. “Real Madrid C. F., Sociedade Esportiva Palmeiras, and Endrick and his family have reached an agreement that allows the player to join Real Madrid when he reaches legal age in July 2024,” the Spanish club said in a statement. “We’ve completed the biggest negotiation in the history of Brazilian football,” said president of Palmeiras, Leila Pereira. Heuler Andrey/Getty Images South America/Getty ImagesThe Brazilian club kept the terms of the deal confidential but according to renowned Italian football journalist Fabrizio Romano, Real Madrid signed the teen phenom for a €60 million fee ($63.6 million), and will pay €12 million ($12.7 million) extra money in taxes. According to Palmeiras, Endrick is the only player ever to be crowned champion for the Alviverde in all age categories, including with the Sub-11, Sub-13, Sub-15, Sub-17, Sub-20 and the first team.

☆ Germany team director Bierhoff leaves role after World Cup debacle
▼ + stars: | 2022-12-06 | by ( Karolos Grohmann | ) www.reuters.com time to read: +1 min

DOHA, Dec 6 (Reuters) - Germany team director Oliver Bierhoff has become the first casualty of their first-round World Cup exit in Qatar after agreeing to leave his post two years before his contract ends, the DFB said on Tuesday. Former Germany international Bierhoff, who had been in his post as team director for the last 18 years, was widely criticised following their second consecutive shock early exit at a World Cup. Bierhoff played a part in helping Germany win the last of their four World Cup titles in 2014 and Neuendorf said his efforts would not be forgotten. "He will always be linked with the World Cup success in Brazil," he added. The Germans had also tumbled out of the 2018 World Cup at the same stage - at the time their earliest exit in 80 years.

☆ Stéphanie Frappart to make history as the first woman to referee a men’s World Cup match
▼ + stars: | 2022-11-30 | by ( Issy Ronald | ) edition.cnn.com time to read: +7 min

But Stéphanie Frappart’s traditional anonymity has been broken for a different reason – she will make history on Thursday as the first woman to referee a men’s World Cup match. FIFA announced their appointment back in May, when Frappart found out that she was going to the 2022 Qatar World Cup. “It’s a surprise, you cannot believe it and after two or three minutes, you realize that you are going to the World Cup. Mukasanga and Yamashita have also been the fourth official at two and four games of this World Cup respectively. I don’t know how life is there but I didn’t make the decision to go there or to organize the World Cup,” Frappart says.

☆ Stocks making the biggest moves in the premarket: Hibbett, Silvergate Capital, Chemours and more
▼ + stars: | 2022-11-29 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Silvergate Capital (SI) – The digital assets bank's shares fell another 2.4% in the premarket, extending yesterday's 11.1% loss. Chemours (CC) – Chemours tumbled 6.1% in premarket trading after the chemical maker said its full-year earnings were tracking slightly below the low end of its prior guidance range. United Parcel Service (UPS) – UPS gained 1.4% in the premarket after Deutsche Bank upgraded the delivery service's stock to "buy" from "hold." HSBC (HSBC) – HSBC struck a deal to sell its Canadian unit to the Royal Bank of Canada for $10.1 billion in cash. Roku (ROKU) – Roku shares fell 2.9% in premarket action after KeyBanc downgraded the video streaming device company's stock to "sector weight" from "overweight," saying several facets of its bullish thesis on Roku failed to play out.

☆ Stocks making the biggest moves midday: Apple, Chevron, Bilibili, Hibbett & more
▼ + stars: | 2022-11-29 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Hibbett — Shares of Hibbett dropped more than 9% after the company posted a disappointing profit for the third quarter. Chevron — The energy stock rose more than 1% as oil prices rebounded from Monday's sell-off. Wynn Resorts , Las Vegas Sands — Shares of casino operators Wynn Resorts and Las Vegas Sands jumped 2.6% and 1.8% respectively on news that China has given new licenses to operators in Macao so that they can keep operating amid the government's zero Covid policy. Darden Restaurants — Shares of Olive Garden's parent company slipped roughly 1% following a downgrade to neutral from Baird. The firm said the "risk/reward looks more balanced" for Darden Restaurants following the stock's recent outperformance.

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