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Wonya Lucas is making big changes at the Hallmark Channel
  + stars: | 2023-02-14 | by ( Lillian Rizzo | ) www.cnbc.com   time to read: +7 min
And she's done it all while staying true to the Hallmark brand, which Lucas said is always on her mind. Courtesy: Hallmark MediaUnder Lucas, Hallmark's "Countdown to Christmas" movie slate has increasingly changed. When Lucas became CEO of Hallmark Media, which also includes the Hallmark Movies and Mysteries network, it had also been coming out from under a firestorm of controversy. There needed to be more diversity in both casting and storylines," Hamilton Daly said. Zoom In Icon Arrows pointing outwards Three Wise Men and a Baby Hallmark Media
In August 2020, DoorDash launched retail delivery with chains like 7-Eleven and Walgreens. Editor's note: On Sunday, DoorDash is airing its second Super Bowl commercial to promote its grocery delivery business. Lately, DoorDash has its sights set on a new prize — dominance in retail and grocery delivery. "We have more retail stores, grocery included, than any other platform in North America today." DoorDashDoubleDashA year after launching grocery delivery, DoorDash introduced DoubleDash.
Finance chiefs are pushing their companies to do more with less as they face another year of rising costs. Obviously, we’re dealing with a very unique environment right now with the unprecedented level of cost inflation. But we’re not in that environment right now. Ideally, we can grow as the demand environment hopefully normalizes. And that’s going to give us more optionality as we better understand our demand for AI over time.
"Because the consumer is now under more pressure, and Walmart is under pressure, that sets up a dynamic where there's probably not a lot of pricing going forward." The clout Walmart holds over suppliers also means that Walmart would likely get the lowest percentage of any price hikes manufacturers implement, according to investors who track the company. In 2018, Walmart pulled Campbell Soup Co's (CPB.N) products during the key winter season over a dispute over prices and shelf space promotion. At the time, Tesco labeled Heinz's price hikes as "unjustifiable." After raising prices four times in 2022, he said, Clorox doesn't "have any additional plans" to hike prices this year.
2. Credit Suisse raises Estee Lauder (EL) price target to $305 per share from $215. Bernstein upgrades Diageo (DEO) to outperform from market perform (buy from hold) and raises price target to $225 per share from $215. Canaccord PT to $853 from $750; keeps buy. T-Mobile (TMUS) downgraded by MoffettNathanson to market perform from outperform (hold from buy); keeps $174-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.
Two of the five divisions remain focused on food products, an area that CEO Jope said Unilever considered spinning off. Food brands like Ben & Jerry's and Hellmann's would have become a separate company. Unilever's decision last year to spin off its tea business into a new company, Ekaterra, left many workers inside Unilever's food division nervous, the former employee said. One former Unilever executive pointed to Fernando Fernandez, who will assume the top job at the company's new beauty and wellbeing division. Fernandez has been Unilever's executive vice president for Latin America since 2019 and held other jobs with the company in the region before that.
The reports renewed questions about global economic demand, the effect of higher interest rates and whether the market's January rally got ahead of itself. Apple, the world's largest publicly traded company, fell short of expectations, hurt by lower iPhone sales and production disruptions in China. Amazon said operating profits could fall this quarter due to lower demand, and Alphabet's online advertisers cut back their spend as well. Shares of the three companies dropped after the results were released and were expected to drag the market lower Friday following a euphoric rally Thursday. These three firms and Microsoft (MSFT.O), the four U.S. companies with trillion-dollar market values, have led the broad-market S&P 500 in 2023.
Alphabet — The tech giant saw its shares drop 1% following the aftermath of its disappointing earnings report. Alphabet's posted earnings per share of $1.05 missed Refinitiv analyst consensus estimates of $1.18 per share. The company posted its largest quarterly revenue decline since 2016 as it fended off a strong dollar, China production issues and a difficult macro picture. Ford – Ford Motor shared shed 6% after fourth-quarter earnings fell short of both Wall Street and its own guidance. The Wall Street firm said the rally is driven by a short squeeze.
Alphabet earned $1.05 per share, lower than the expected earnings of $1.18 per share, according to consensus estimates from Refinitiv. Ford – Shares of Ford slipped 6.5% after the company reported earnings that badly missed Wall Street's earnings expectations. Starbucks reported earnings per share of 75 cents compared to Refinitiv analysts' projections of 77 cents. Revenue also fell short of the $8.78 billion Refinitiv estimates, coming in at only $8.71 billion. Qualcomm's revenue fell 12% year over year during the quarter.
Morning Bid: Fed fillip, double trouble, triple A
  + stars: | 2023-02-02 | by ( ) www.reuters.com   time to read: +4 min
It looks less like fighting the Fed, than a mild disagreement. Powell didn't endorse that market view - which now has just one more quarter point rise to a terminal rate under 4.9% by May and 40 basis points of cuts from there by December. But he seemed ambivalent about investors' more optimistic take on disinflation and indicated the central bank was increasingly keeping its options open about a 'couple of hikes'. Meta's stock boomed as its earnings update showed stricter cost controls and a new $40 billion share buyback. With the risk around the BoE's split monetary policy council for a smaller quarter point move, it was the euro that looks set to emerge the winner of the three big central bank events.
Here are the notable stocks making moves after hours on Thursday, Feb. 2. Apple — The consumer tech stock tumbled 4% in extended trading after the company reported weaker-than-expected results for its fiscal first quarter. The company reported $1.88 in earnings per share on $117.15 billion of revenue. Amazon reported $149.20 billion in revenue for the quarter, above the $145.42 billion expected, according to Refinitiv. The company reported a 2% decline in comparable transactions year over year, thanks in part to weakness in China.
Investors will get another clue when the January jobs report is released on Friday. Economists predict that 185,000 jobs were added last month, a slowdown from the gain of 223,000 jobs in December and 263,000 in November. A further deceleration in the labor market would likely please the Fed, as it would show that last year’s rate hikes are successfully taking some air out of the economy. Along those lines, average hourly earnings, a measure of wages that is also part of the monthly jobs report, are expected to increase 4.3% year-over year. So far, tech earnings season is not off to an inspiring start, with Microsoft (MSFT), Intel (INTC) and IBM (IBM) all reporting weak results.
While only six companies in the Dow Jones Industrial Average are reporting next week, about 20% of the S & P 500 reports, making it the biggest week of earnings this season. The Dow and the S & P 500 gained 2.2% and 2.9% this week, respectively, while the Nasdaq Composite rose 4.7%. 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.
The Fed's meeting Tuesday and Wednesday comes amid a flood of corporate earnings reports, with about 20% of the S & P 500 reporting that week. The most important day for earnings is Thursday, when Apple , Alphabet and Amazon report after the bell. The Nasdaq Composite was up 11% for the month as of Friday afternoon, well ahead of the 6.2% gain in the S & P 500. Traders have been watching the S & P 500 edge closer to the key threshold of 4,100 , its high from December. AAPL 1Y line apple Apple is also important because of the signals it can send about the strength of the consumer, supply chains and China's reopening.
If you've ever found yourself down the social media rabbit hole of deep house cleaning, you've probably heard of Vanessa Amaro, TikTok's "Queen of Cleaning." Zote Soap BarPrice: Starts at $2 "As a child, my grandma would give me a Tupperware filled with water, my socks, and a bar of Zote soap," Amaro recalls. Dawn Platinum Powerwash Dish Spray SoapPrice: Starts at $4.99 Amaro loves Dawn's Powerwash spray soap because of its versatility. Clorox Clean-Up Cleaner With BleachPrice: Starts at $4.48 For a disinfectant, Amaro's brand of choice is Clorox's all purpose bleach spray cleaner. And the Centers for Disease Control and Prevention agrees: Disinfecting can kill viruses and bacteria that remain on surfaces after cleaning.
Disinflation could be the big surprise of 2023, according to UBS. From here, we think the pace of disinflation will also be faster than markets expect," UBS' strategist Nicolas Le Roux wrote in a Wednesday note. Here are the 10 stocks UBS noted. Netflix is positively correlated to disinflation, according to the note. Another firm that will benefit from a temporary slowing in price increases is Dollar General , which UBS says is positively correlated to disinflation.
22 Unique Valentine’s Gifts for Men Who Have Everything
  + stars: | 2022-12-19 | by ( ) www.wsj.com   time to read: +12 min
From the cocktail gadget that will level-up his drinks to the ultimate undershirts, these are presents you can purchase with confidence—no gift receipt required. This edition has a wood cabinet with metal plaques, die-cast metal houses and hotels, gold-foil stamping and money-holding drawers. Buy Side’s favorite automatic cocktail maker works with pre-measured pods and his favorite spirits to dispense cocktails at the push of a button. For more great gadget ideas, check out our roundup of the top gifts for your favorite techie. Even better, the jean material “came ready-to-wear with no awkward break-in period, plus a custom liner.”—Additional reporting by Leslie Yazel
Three stocks to watch out for going in to 2023
  + stars: | 2022-12-19 | 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 EmailThree stocks to watch out for going in to 2023Eva Ados, chief investment strategist with ERShares joins 'Power Lunch' to discuss three stocks to be wary of heading in to 2023 with a focus on Clorox, Etsy, and Campbells Soup.
CNBC Pro looked at stocks that are poised to lose the most in 2023 based on the average analyst price target, according to FactSet. Asset manager Franklin Resources has the most downside next year, set to lose 12%, according to the average analyst price target on FactSet. Also making the list is food giant General Mills , which has nearly 8% downside to the average analyst price target. The stock has nearly 7% downside to the average analyst price target, per FactSet. Lastly, Etsy has nearly 4% downside to the average analyst price target.
In one initiative, Amazon sent suitcase-sized computer drives to back up critical data to the cloud. Using suitcase-sized solid-state hard drives, called Snowball Edge units — delivered to Ukraine through the Polish border — Amazon has helped back up critical infrastructure and economic information beginning the day Russia launched its invasion. In July, Amazon was awarded the Ukrainian peace prize for its work assisting the invaded country in backing up essential files to the cloud. "It's a tense moment around the baggage carousel," The Los Angeles Times reported Maxwell said. "You can't take out the cloud with a cruise missile," The Los Angeles Times reported Maxwell said.
The company's data can be used to tell retailers and brands where medicine will be in high demand. Now the company is helping to direct inventory management for major brands like Johnson & Johnson and Mucinex, as well as an unnamed retailer. Fever data is heating upKinsa's smart thermometers cost between $24 and $40, and are sold by major retailers and pharmacies. For cold medicine brands like Mucinex, the very act of turning the thermometer on is a fairly solid demand signal. In past years, earlier iterations of Kinsa's data has been used by companies like Clorox to better place advertisements for cleaning products when germs are clearly about.
Amazon said its plastic packaging footprint came to 97,222 metric tons in 2021. Oceana estimated that Amazon used nearly 322,000 metric tons of plastic in 2021, more than triple what the company calculated. By Oceana's count, Amazon used 52% more plastic last year compared with 2019, the first year the group conducted its analysis. In 2021, Target, Walmart, Coca-Cola, and PepsiCo each used more plastic packaging than the previous year, contributing to an overall 4.3% increase across brands and retailers. California, the largest economy in the US, passed a law in June to cut plastic packaging in the state by 25% over a decade.
Certain stocks are poised to gain the most if high inflation is past its peak, according to analysts from the Bank of America. In the past-peak inflation environment, certain stocks are set up to potentially gain, according to a Dec. 6 note by Savita Subramanian, head of U.S. equity and quantitative strategy at Bank of America Securities. This means that as inflation subsides, these stocks should get a boost. Other retail names on Bank of America's list include O'Reilly Automotive , Clorox , Ross Stores , Home Depot and Lowe's . Some of these companies picked out by Bank of America have also been able to hold up amid rising inflation.
The company's data can be used to tell retailers and brands where medicine will be in high demand. Now the company is helping to direct inventory management for major brands like Johnson & Johnson and Mucinex, as well as an unnamed retailer. Fever data is heating upKinsa's smart thermometers cost between $24 and $40, and are sold by major retailers and pharmacies. For cold medicine brands like Mucinex, the very act of turning the thermometer on is a fairly solid demand signal. In past years, earlier iterations of Kinsa's data has been used by companies like Clorox to better place advertisements for cleaning products when germs are clearly about.
VF Corp. Chairman, CEO Steven Rendle Retires
  + stars: | 2022-12-05 | by ( Colin Kellaher | ) www.wsj.com   time to read: 1 min
The shakeup at the top of VF comes as the apparel maker lowered its sales and earnings guidance. VF Corp. on Monday said Steven Rendle has retired as chairman, president and chief executive, as the apparel maker cut its sales and earnings guidance amid flagging consumer demand. VF said Benno Dorer , the former CEO of Clorox Co., is stepping in as interim president and CEO while the Denver company conducts a search for a successor to Mr. Rendle, who had been chairman and CEO since 2017. Mr. Dorer has been a VF board member since 2017 and served as lead independent director since July 2021.
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