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☆ Retailers shift their thinking on costly last-mile delivery as consumer need for speed raises costs
▼ + stars: | 2024-07-24 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +3 min

Consumer need for speed in package delivery, which has reached its apex with same-day shipping, has placed retailers in a tough spot when it comes to managing transportation costs. Retail executives surveyed say as more — especially younger — consumers demand same-day delivery, the financial payoff isn't there. Roughly three-quarters (76%) of retail executives surveyed by AlixPartners said delivery cost on a per-package basis has increased since last year, and three out of four said home delivery does not add to profitability. 1 priority for last-mile delivery. To save on delivery costs, retailers are moving away from reliance on single carriers in last-mile delivery.

Persons: AlixPartners, Marc Iampieri, Iampieri Organizations: UPS, FedEx, Retail, Carriers, Teamsters Locations: Manhattan, New York City

☆ Oakmark's Bill Nygren on Alphabet's Q2 earnings
▼ + stars: | 2024-07-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOakmark's Bill Nygren on Alphabet's Q2 earningsBill Nygren, Oakmark portfolio manager, joins 'Squawk on the Street' to discuss Alphabet Q2 earnings results.

Persons: Bill Nygren

☆ Stock market today: US stocks slide as high-profile earnings disappoint
▼ + stars: | 2024-07-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

US stocks tumbled on Wednesday as traders digested weak tech earnings. Tesla missed on earnings last quarter, while Alphabet said YouTube ad revenue fell short. AdvertisementUS stocks continued their slide on Wednesday, led by a decline in tech stocks after Alphabet and Tesla reported earnings for the second quarter. Investors mulled a disappointing round of earnings reports on Tuesday, with Tesla missing earnings estimates and Alphabet reporting that its YouTube ad revenue fell short the last quarter. Investors are eyeing a slew of coming high-profile earnings, with Meta, Apple, and Amazon on deck to report their financials next week.

Persons: Tesla, —, David Morrison, Will today's Organizations: Service, YouTube, Elon, Trade, Meta, Apple, Here's

☆ Job seekers are sour on the cooling labor market
▼ + stars: | 2024-07-24 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

Nitat Termmee | Moment | Getty ImagesWorkers are souring on the state of the job market. Workers had reason for euphoria two to three years ago: The job market was red-hot and, by many metrics, historically strong. However, the labor market has slowed gradually. Workers are now having a harder time finding jobs and the labor market, while still solid, could be in trouble if it continues to cool, economists said. While that rate is "consistent with a strong labor market," its steady rise is the "troubling factor," Nick Bunker, economic research director for North America at the Indeed Hiring Lab, wrote in early July.

Persons: Nitat, Nick Bunker, Bunker Organizations: Getty Images Workers, Workers, U.S . Federal Reserve, North America

☆ Here are Wednesday's biggest analyst calls: Tesla, Spotify, Apple, GM, Alphabet, Imax, Disney & more
▼ + stars: | 2024-07-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wednesday's biggest calls on Wall Street: RBC upgrades Estee Lauder to outperform from sector perform RBC said it sees an attractive risk/reward. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's standing by shares of Tesla following the release of disappointing earnings. Morgan Stanley initiates Biohaven as overweight Morgan Stanley said it sees "value creation" for the biotech company. Morgan Stanley downgrades General Motors to equal weight from overweight Morgan Stanley said it sees a more "balanced" risk/reward for shares of GM. " Cantor Fitzgerald downgrades Tesla to neutral from overweight Cantor downgraded Tesla following earnings on Tuesday.

Persons: Lauder, Raymond James, Taylor Morrison, it's, Morgan Stanley, Tesla, Tesla's, TD Cowen, JFrog, Cowen, Lockheed Martin, Goldman Sachs, Goldman, Smith, Stifel, GOOGL, Jefferies downgrades, Gamble, Jefferies, Piper Sandler downgrades Ulta, Piper, Gordon Haskett, Joel Anderson, Cantor Fitzgerald downgrades Tesla, Cantor Organizations: RBC, Taylor Morrison Homes, Tesla, Lockheed, Spotify, JPMorgan, Garden Entertainment, Apple JPMorgan, Apple, Jefferies downgrades Colgate, Palmolive, Procter, Colgate, Gamble, Deutsche Bank, Deutsche, Motors, GM, Barclays, Disney, Universal Studios, Davidson Locations: GenAI, Malibu

(This is CNBC Pro's live coverage of Wednesday's analyst calls and Wall Street chatter. "At this point, we believe EPS and investor sentiment have troughed and believe the risk-to-reward profile skews favorable," wrote analyst Nik Modi. "However, with minimal upside to our revised $47 price target and a relatively 'balanced' risk-reward between our $28 bear case …. –Samantha Subin 5:54 a.m.: Wall Street stands by Alphabet, AI potential post-earnings Wall Street analysts remain bullish on the outlook for Alphabet , even after the stock fell on the back of its second-quarter results. His price target of $425, up from $320, implies upside of more than 28% from Tuesday's close.

Persons: Goldman Sachs, Lauder, Estee Lauder, Nik Modi, Modi, Estee, – Samantha Subin, Morgan Stanley downgrades, Morgan Stanley, Adam Jonas, Jonas, Samantha Subin, Dan Levy, Tesla, Michaeli, Bernstein's Toni Sacconaghi, Mark Delaney, GOOGL, Doug Anmuth, Justin Post, Eric Sheridan, Brent Thill, Sheridan, Fred Imbert Organizations: CNBC, Spotify, RBC, Markets, Motors, GM, General Motors, Tesla, Barclays, YouTube, Bank of America, Google, Jefferies Locations: China, 1H25, Tuesday's

☆ Taylor Morrison CEO on Q2 earnings
▼ + stars: | 2024-07-24 | 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 EmailTaylor Morrison CEO on Q2 earningsSheryl Palmer, Taylor Morrison CEO, joins 'Squawk on the Street' to discuss the company's Q2 earnings, what's driving its higher guidance, and what inventory looks like.

Persons: Taylor Morrison, Sheryl Palmer

☆ Group 1 Automotive CEO on Q2 results: Really exceptional performance by the team
▼ + stars: | 2024-07-24 | 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 EmailGroup 1 Automotive CEO on Q2 results: Really exceptional performance by the teamGroup 1 Automotive president and CEO Daryl Kenningham joins 'Squawk Box' to discuss the company's quarterly earnings results, impact of the CDK outage, state of the consumer, and more.

Persons: Daryl Kenningham

☆ Alphabet reports earnings after the market close. Here's how analysts see it playing out
▼ + stars: | 2024-07-23 | by ( Sean Conlon | ) www.cnbc.com time to read: +5 min

Alphabet is set to report second-quarter earnings after the market closes Tuesday, one of the first of the " Magnificent Seven " to post its results this earnings season. For Google search revenue, Wolfe Research estimates growth of 12.6% compared to the prior-year period. Wolfe has an outperform rating on Alphabet and a share price target of $240, implying more than 32% upside from Monday's close. Deutsche Bank, Bank of America and TD Cowen all increased their price targets on the stock heading into earnings. GOOGL mountain 2024-07-22 Alphabet, 2-day Bernstein analyst Mark Shmulik also chooses to stay neutral, rating Alphabet market perform.

Persons: LSEG, Baird, Colin Sebastian, Wolfe, Shweta Khajuria, TD Cowen, Benjamin Black, Justin Post, John Blackledge, Barton Crockett, Rosenblatt, Bernstein, Mark Shmulik, Shmulik Organizations: Google, Wolfe Research, Deutsche Bank , Bank of America, Bank of America, YouTube, Rosenblatt Securities, Department of Justice, DOJ

☆ Snap-on CEO on the financial vs. manufacturing economies
▼ + stars: | 2024-07-23 | 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 EmailSnap-on CEO on the financial vs. manufacturing economiesNick Pinchuk, CEO of Snap-on, discusses the company's Q2 earnings report and the state of U.S. manufacturing.

Persons: Nick Pinchuk Locations: U.S

☆ GM beats on top and bottom lines in Q2
▼ + stars: | 2024-07-23 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGM beats on top and bottom lines in Q2CNBC's Becky Quick reports on the company's quarterly earnings results.

Persons: Becky Quick

☆ Peacock's NFL subscriber bump looks like it's over
▼ + stars: | 2024-07-23 | by ( Peter Kafka | ) www.businessinsider.com time to read: +1 min

Peacock signed up a lot of new subscribers earlier this year because of an NFL playoff game. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Some of them may no longer be Peacock subscribers. Comcast, Peacock's parent company, reports that the service's subscriber count dropped by 500,000 between the first and second quarters of this year. This story is available exclusively to Business Insider subscribers.

Persons: Peacock, —, Travis Kelce, Taylor Swift, It's Organizations: NFL, Service, Comcast, Business

☆ GM CFO Paul Jacobson on Q2 results: We're meeting the consumer where they are
▼ + stars: | 2024-07-23 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGM CFO Paul Jacobson on Q2 results: We're meeting the consumer where they areGM CFO Paul Jacobson joins 'Squawk Box' to discuss the company's quarterly earnings results, raising company guidance, EV growth outlook, and more.

Persons: Paul Jacobson

☆ Jim Cramer says don't sell GM on earnings — and touts this steelmaker as a rate-cut play
▼ + stars: | 2024-07-23 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

FedEx picked up a lot of business, and FedEx kept the business," Jim Cramer said. GE Aerospace : Shares popped more than 7% after the engine maker beat Wall Street estimates on both earnings and revenue. General Motors : Shares slid more than 5% despite the automaker's better-than-expected second-quarter sales and earnings print. "I'm just point blank saying this is wrong," Cramer said. Then the company just goes in and buys, buys, buys.

Persons: Jim Cramer's, Jim Cramer, Cramer, Mary Barra, They've Organizations: CNBC, Club, UPS, FedEx, GE Aerospace, Boeing, Motors

☆ A 5-part investing playbook for avoiding chaos as US stocks head down a rocky path to the election: Truist's strategy chief
▼ + stars: | 2024-07-23 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Read previewInvestors should stay on guard as this market rally loses steam, a veteran strategy chief says. The investment chief and the chief market strategist signaled in April that US equities had an attractive risk-reward setup after a 5.5% selloff. "All those factors combined suggest maybe a choppier market, even though we still think the long-term bull market is intact," Lerner said. "In the fall, I think investors will eventually come back to tech because I still think that's the main secular theme of this bull market," Lerner said. "But I don't know that this is a game changer for this bull market where small caps will be leadership."

Persons: —, Truist's Keith Lerner, Lerner, Truist, Truist Lerner, he's, you've, isn't, haven't Organizations: Service, Nasdaq, Business

☆ A look at Spotify’s chart after its post-earnings jump — and where it can go from here
▼ + stars: | 2024-07-23 | by ( Todd Gordon | ) www.cnbc.com time to read: +3 min

This reaction is especially encouraging, as it's happening during a tumultuous market environment with lots of geopolitical and domestic political uncertainty. Looking at Spotify, we own it in our growth portfolio at Inside Edge Capital, first adding the position in February 2023. Judging by this post-earnings reaction, I see the stock moving above $400 in coming months. -Todd Gordon, Founder of Inside Edge Capital, LLC DISCLOSURES: Gordon owns SPOT personally and in his wealth management company Inside Edge Capital. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Todd Gordon, Gordon Organizations: Spotify, Netflix, Communication, Edge, Inside Edge, CNBC, NBC UNIVERSAL

☆ Alphabet set to report Q2 earnings results after the bell
▼ + stars: | 2024-07-23 | by ( Jennifer Elias | ) www.cnbc.com time to read: +5 min

Google parent company Alphabet is set to report its second-quarter earnings Tuesday after the market closes. They expect modest growth in key areas such as cloud and overall revenue, after a quarter of leadership moves, AI announcements and market expansions. During the second quarter, Alphabet saw a number of expansion updates, including for its self-driving car unit Waymo, which opened its service to all San Francisco users. Reid urged employees to continue pushing AI products, suggesting they can fix mistakes as users and employees find them. Alphabet also announced a new finance chief, Anat Ashkenazi, who came from Eli Lily, the world's most valuable drugmaker.

Persons: Sundar Pichai, Barack Obama, America's, Liz Reid, Reid, Anat Ashkenazi, Eli Lily, Ashkenazi, Ruth Porat Organizations: Google, LSEG Revenue, TAC, CNBC Locations: Francisco, Phoenix, India, Mexico

☆ Former Ford CEO breaks down GM's Q2 earnings results
▼ + stars: | 2024-07-23 | 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 EmailFormer Ford CEO breaks down GM's Q2 earnings resultsMark Fields, former Ford CEO, joins 'Squawk on the Street' to discuss his take on General Motors' quarterly earnings results, the company's earnings multiple, and how much of a political conversation electric vehicles are.

Persons: Mark Fields Organizations: Former Ford, Ford, General Motors

As Tesla CEO Elon Musk continues to make lofty promises about his company's future in autonomous driving and robotics, investors keep watching profit margins deteriorate. It's the fourth straight quarter of shrinkage. The company reported just $1.48 billion in net income on revenue of $25.5 billion, which included $890 million in regulatory credits. "Affordability remains top of mind for customers," said Vaibhav Taneja, Tesla's chief accounting officer, on the company's earnings call. Tesla began offering a five-year, zero interest loan offer to spur sales of its EVs in China in April.

Persons: Elon Musk, Tesla, Vaibhav Taneja Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, Nasdaq Locations: Beverly Hills , California, China, CnEVPost, Shanghai, Germany

☆ The stock market is approaching 2 catalysts that will spark the next leg of the bull run, market vet says
▼ + stars: | 2024-07-23 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

The record stock market rally will get a boost from key economic data and earnings results, Ed Yardeni said. Yardeni highlighted strong company earnings and profit margins supporting the market in a way it didn't in 2000. AdvertisementThe stock market rally is set to continue this week as investors digest two key pieces of economic data and an onslaught of second-quarter earnings results. "We've acknowledged that the current stock market rally is reminiscent of the valuation-led market meltup of the 1990s. "We're expecting S&P 500 earnings per share of $250, $270, and $300 in 2024, 2025, and 2026, respectively.

Persons: Ed Yardeni, —, We've, we've, Yardeni, We're Organizations: Service, Yardeni Research, PCE, Federal Reserve

☆ Verizon CEO on Q2 results: Our products are resonating with the market really well
▼ + stars: | 2024-07-22 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVerizon CEO on Q2 results: Our products are resonating with the market really wellVerizon CEO and chairman Hans Vestberg joins 'Squawk Box' to discuss the company's quarterly earnings results, state of the consumer, growth outlook, and more.

Persons: Hans Vestberg Organizations: Verizon

☆ Ryanair shares tumble 12% as budget airline reports 46% fall in quarterly profit, sees lower fares
▼ + stars: | 2024-07-22 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Ryanair shares fell on Monday after the company said its quarterly profit after tax had fallen 46% and fares will be lower than expected in the summer months. Ryanair cited weaker-than-anticipated fares and the Easter season falling into the previous quarter as reasons for the drop in profit. It also comes despite a 10% increase in passenger traffic to 55.5 million during the quarter, Ryanair said Monday. However, Ryanair Group CEO Michael O'Leary said in a statement that fares were expected to be lower than expected over the next three months. Other European airlines followed Ryanair lower on Monday, with fellow low-cost airline EasyJet shedding over 6%, while Jet2 fell 4% and Hungarian airline Wizz Air slid over 6%.

Persons: — Ryanair's, Michael O'Leary, O'Leary, Jet2 Organizations: Ryanair, Wizz Air Locations: London

☆ Ryanair, Europe’s biggest airline, says airfares will be ‘materially lower’ this summer
▼ + stars: | 2024-07-22 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —Ryanair said Monday that it expects airfares during the busy summer travel season to be “materially lower” than last year as the low-cost carrier reported a plunge in profits. Europe’s biggest airline by passenger numbers, comparable in size to Delta Air Lines in the United States, said its average fare fell nearly 15% in the April-to-June quarter from the same period in 2023, to €41.93 ($45.65) from €49.07 ($53.42). Ryanair (RYAAY) attributed that dip in the first quarter of its financial year, in part, to the timing of the Easter break this year, some of which fell over March. The airline previously thought fares would be “flat to modestly up,” he added. Ryanair reported a 46% fall in profits in the first quarter of the year, to €360 million ($392 million), despite a 10% rise in the number of passengers.

Persons: ”, Michael O’Leary, Neil Sorahan Organizations: London CNN, Ryanair, Europe’s, Delta Air Lines, “, British Airways, Boeing, Alaska Airlines, Delta Locations: United States

☆ Earnings playbook: Your guide to a busy week of earnings, including Alphabet and Tesla
▼ + stars: | 2024-07-21 | by ( Fred Imbert | ) www.cnbc.com time to read: +7 min

What history shows: Data from Bespoke Investment Group shows GM beats earnings expectations 87% of the time. Tesla is set to report earnings after the close. What history shows: Bespoke data shows GM beats earnings expectations 62% of the time. What history shows: Ford earnings exceed estimates nearly 70% of the time, according to Bespoke. This quarter: Earnings for the airline are expected to have fallen more than 10% from the year-earlier period, per LSEG.

Persons: Michael Wayland, Tesla, Elon Musk, Dan Levy, Ben Kallo, Benjamin Black, Jim Farley, Matthew Swanson, Swanson, AAL, Leslie Josephs Organizations: Big Tech, Google, Ford Motor, IBM, General Motors, CNBC, Tuesday, GM, Investment Group, LSEG, Barclays, Energy, Deutsche Bank, Wednesday Ford, Ford, Ford Pro, RBC, Thursday, Airlines, American Airlines, Investors Locations: China

☆ Morgan Stanley is pounding the table for these stocks, including Apple, ahead of earnings
▼ + stars: | 2024-07-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Earnings season is kicking into high gear, and Morgan Stanley named a few stocks to buy ahead of results. CNBC Pro combed through top Morgan Stanley research to find overweight-rated stocks ahead of earnings. Apple Analyst Erik Woodring elevated the tech giant to top pick status earlier this week. "Apple Intelligence is set to drive record device upgrades," the analyst wrote. Apple "Apple Intelligence is a clear catalyst to boost iPhone and iPad shipments, and our deep dive into the iPhone installed base, upgrade rates, and mix shift now points a record cycle ahead … Apple Intelligence is set to drive record device upgrades.

Persons: Morgan Stanley, Dara Mohsenian, Mohsenian, Erik Woodring, Woodring, Sanjit Singh, Singh, Datadog Organizations: CNBC, Apple, Colgate, Palmolive, Datadog, Spotify Technology, Nu Holdings, LT, Apple Intelligence, Open Finance, NU Locations: Brazil, Mexico

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