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Kellogg (K) has many critics but 52-week low, pure snacks and break-up value for classic brands is high. Applovin (APP) surprise blow-out quarter for marketing company that uses machine learning to figure out advertising. 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.
Persons: Ralph Lauren, Kellogg, McCormick, Baird, Akamai, JACK, Morgan Stanley, Warby Parker, Oppenheimer, Jim Cramer's, Jim Cramer, Jim, Daniel Acker Organizations: IAC, SBA Communications, BofA, Mizuho, Realty, Barclays, General Electric, GE, PT, Deutsche Bank, Jim Cramer's Charitable, CNBC, Target Corp, Bloomberg, Getty Locations: France, BofA, Chicago , Illinois
Ralph Lauren CEO Patrice Louvet told CNBC's Jim Cramer on Thursday that even though the company didn't raise its full-year guidance in its Thursday report, he feels optimistic about the future and has faith in the brand's core consumer. Ralph Lauren's report saw revenue come in at $1.50 billion, topping the $1.48 billion consensus estimate, according to Refinitiv. However, the company failed to raise its full-year guidance, and its stock was down nearly 5% by Thursday's close. "There is a lot of volatility right now, there's a lot of uncertainty across the channels. Louvet stressed that Ralph Lauren is also focusing on high exposure and brand visibility, touting the celebrities that have appeared in its clothing such as Jennifer Lopez, Beyoncé, Ariana Grande, David Beckham and Jill Biden.
Persons: Ralph Lauren, Patrice Louvet, CNBC's Jim Cramer, Ralph Lauren's, Thursday's, Louvet, Jennifer Lopez, Beyoncé, Ariana Grande, David Beckham, Jill Biden Locations: oxford
Options Action: Bearish options bets on Ralph Lauren
  + stars: | 2023-08-10 | 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 EmailOptions Action: Bearish options bets on Ralph LaurenMike Khouw, Optimize Advisors president, joins CNBC’s Melissa Lee and the Options Action traders to talk Ralph Lauren.
Persons: Ralph Lauren Mike Khouw, Melissa Lee, Ralph Lauren Organizations: Options
When Bartlett and a couple friends pooled $3,000 to launch men's apparel brand True Classic in 2019, he'd never sold clothing before. But the idea behind True Classic, affordable shirts built to flatteringly fit the everyman, seemed to resonate with people. The mistake, he says, nearly put True Classic out of business. Now, finally, True Classic is once again positioned to compete with direct-to-consumer rivals like Everlane and Vuori, and clothing giants like Nike and Ralph Lauren. True Classic spent $40 million on its first inventory order for the year.
Persons: Ryan Bartlett's, Bartlett, he'd, — Nick Ventura, Matthew Winnick —, Ralph Lauren, who'd, should've, couldn't Organizations: CNBC, Nike, Facebook Locations: Los Angeles, Ventura
Stock futures rose slightly in overnight trading as Wall Street looked ahead to a key inflation reading that could impact the Federal Reserve's next rate move. Futures tied to the Dow Jones Industrial Average rose 87 points, or 0.25%. Disney gained 2% after announcing an upcoming price hike for ad-free Disney+ subscriptions. The Dow Jones Industrial Average dropped about 191 points, or 0.54%, while the S&P 500 shaved off 0.7%, and the Nasdaq Composite shed 1.17%. Many on Wall Street are hoping for more signs of disinflation through the CPI report, and Friday's producer price index.
Persons: Dow Jones, Sahak Manuelian, CNBC's, Ralph Lauren Organizations: New York Stock Exchange, Stock, Federal, Dow Jones, Nasdaq, Disney, Wynn Resorts, Traders, Wedbush Securities, CPI, PPI, Six
Morgan Stanley reiterates Walmart as overweight Morgan Stanley said it's still bullish heading into Walmart earnings Aug. 17. Deutsche Bank reiterates Estée Lauder as buy Deutsche Bank said it sees a "difficult" quarter when Estée Lauder reports earnings next week. Citi opens a negative catalyst watch on Spirit Airlines Citi opened a negative catalyst watch on the discount airline and said it sees a "bumpy ride" to gain regulatory approval for the merger with JetBlue. Citi reiterates TJX Companies as buy Citi said it's bullish heading into earnings next week. JPMorgan downgrades Freshpet to neutral from overweight JPMorgan said it downgraded Freshpet mainly on valuation.
Persons: Tesla, We'll, Truist, DraftKings, Ralph Lauren, Morgan Stanley, it's, Fisker, Estée Lauder, Telsey, JPMorgan Organizations: BMO, Adobe, Bank of America, of America, Management, Walmart, UW, Deutsche Bank, Citi, Spirit Airlines Citi, JetBlue, Watch, JPMorgan, Boston, Networks, Disney, UBS, Apple, FX, TJX Companies, Cellular, USM, US Cellular Locations: China, Orlando
Nearly 80% of the S & P 500 companies that have reported their second-quarter results have reported an earnings beat, according to FactSet. Retail and restaurant companies will begin to announce their earnings this week, including Ralph Lauren and Wendys. Given this backdrop, CNBC Pro searched for S & P 500 companies reporting this week which analysts forecast having earnings momentum. Analysts are forecasting earnings per share to come in at $2.64, according to FactSet. More than 81% of analysts covering the stock rate it a buy or strong buy, according to Refinitiv.
Persons: Ralph Lauren, Wendys, Refinitiv, WYNN Organizations: Media, Paramount Global, Fox, Fox , New York Times, News Corp, Disney, CNBC Pro, Charles River Laboratories, Wynn Resorts, Energy Locations: Fox ,, Insulet
But aside from simply skirting a recession, it’s not obvious what the economy would look like in a soft landing. And who even declares that the Fed has officially defied the odds and achieved a soft landing? The main aspect of a soft landing, according to economists, is the absence of a recession, which is determined by the National Bureau of Economic Research (NBER.) In a soft landing, the job market has to remain intact. The other key feature of a soft landing is for the Fed to successfully control inflation, but that’s open to some interpretation.
Persons: we’ve, , Kayla Bruun, , Julia Pollak, ” Pollak, Josh Markman, cooldown, Austan Goolsbee, ” Goolsbee, Raphael Bostic, Michelle Bowman, Patrick Harker, Armour, Ralph Lauren Organizations: CNN Business, Bell, DC CNN, Federal Reserve, Bank of America, Fed, National Bureau of Economic Research, Morning, Atlanta, ZipRecruiter, Labor, Bel Air Investment Advisors, Federal, Federal Reserve Bank of Chicago, Bloomberg, Atlanta Fed, , Tyson Foods, UPS, Fox, Restaurant Brands, The National Federation of Independent Business, US Commerce Department, China’s National Bureau of Statistics, Disney, US Labor Department, National Statistics, University of Michigan Locations: Washington
Economic releases : The Labor Department releases its monthly consumer price index and producer price index on Thursday and Friday, respectively. For that reason, we'd be content if the July figure doesn't indicate a resurgence of rising wholesale costs, which is a concern given a recent uptick in energy prices. On Tuesday before the opening bell, Club holding Eli Lilly (LLY) reports. Finally, Club names Walt Disney (DIS) and Wynn Resorts (WYNN) will report on Wednesday after the closing bell. In preparation for these releases, be sure to check out our first-quarter earnings report card .
Persons: we'll, Knight, Eli Lilly, We'll, donanemab, Walt Disney, We're, Tyson, Henry Schein, Li Auto, Armour, WEN, Ralph Lauren, Price, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, Labor Department, Reserve, Manufacturing, ADP, Fitch, AAA, U.S ., PPI, Coterra Energy, Walt, Wynn Resorts, Disney, Tyson Foods, TSN, KKR, Energy, Paramount, UPS, Barrick, Duke Energy, Restaurant Brands, Warner Music, Fox Corp, NRG Energy, AMC, Bros, Endeavor, IAC, Sony, SONY, Brookfield Asset Management, WYNN, Trade, Novo Nordisk, US Foods, News Corp, Air Canada, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Getty Locations: United States, Mounjaro, Hollywood, Las Vegas, Boston, Macao, PENN, Valvoline, VVV, Credicorp, New York City
Brady joins the likes of Jordan Spieth, JJ Watt, and LeBron James by buying into English football. Former NFL star Watt bought a minority stake in Burnley FC, in May. Now, legendary quarterback Brady has unveiled a minority stake in Birmingham City. The rise of across-the-pond partnerships raises a question: what is it about British clubs that has suddenly captured celebrities' imagination? The rewards for success in the English Premier League can be astronomical.
Persons: Tom Brady, Brady, Jordan Spieth, JJ Watt, LeBron James, Watt, Spieth, Michael B Jordan, Ryan Reynolds, Rob McElhenney's, Simon Chadwick, Reynolds, Ralph Lauren –, Christina Philippou, we've, Philippou, it's, Chadwick, That's, We've, they're, there's Organizations: Service, NFL, Burnley FC, Leeds United, Liverpool FC, Fenway Sports Group, AFC Bournemouth, Disney, Birmingham, Knighthead Capital Management, Wrexham, L'Oreal, English Premier League, Sky, BT, Amazon Prime, Premier League, Manchester City, Portsmouth University, Wrexham AFC, Premier League –, European Locations: Birmingham City, Wall, Silicon, British, Wrexham, Birmingham, United States
I visited the Macy's flagship store in New York City and tried on its new "On 34th" private label. The store appeared to be severely understaffed — no one helped me get a dressing room or at the register. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. "Macy's has a real problem with merchandising, both in terms of buying product, allocating product, and displaying product in a compelling way in its stores," retail analyst Neil Saunders told Insider. Saunders told Insider he's visited more than 50 Macy's stores across the country this year.
Persons: Macy's, TJ Maxx, Neil Saunders, Saunders, he's, Ralph Lauren Polo, Where's Waldo Organizations: Service, UBS Locations: New York City, Wall, Silicon, Manhattan
[1/2] American skateboarder Nyjah Huston poses for a photo at a party celebrating the one-year countdown to the Paris Olympics at the Ralph Lauren store in Beverly Hills, California, U.S., July 26, 2023. "I'm very excited for Paris," fan favourite Huston told Reuters at a swanky party at the Ralph Lauren store in Beverly Hills to celebrate the one-year countdown to the Paris Games. At the party, three-time Olympic champion snowboarder Shaun White and Huston discussed bouncing back from their respective leg injuries, with Huston telling White he had fully recovered from his ACL tear last August. ANOTHER BITEWhite said the experience Huston gained in Tokyo will help him enormously in Paris next summer. But of the 12 medals handed out for the sport in Tokyo, the U.S. team managed just two bronze.
Persons: Nyjah Huston, Ralph Lauren, Rory Carroll, Huston, Instagram, Shaun White, White, Ryan Sheckler, I've, Sheckler, Critics, we're, I'm, Ken Ferris Organizations: Paris Olympics, REUTERS, Paris Games, Reuters, Red Bull, WIN, U.S ., Team USA, X, Thomson Locations: Beverly Hills , California, U.S, ANGELES, Tokyo, Paris, Beverly Hills, Rome, Southern California, Los Angeles, LA
After a down day for his "Magnificent Seven" stocks, CNBC's Jim Cramer picked winners outside the tech sphere. "But if you owned a diversified portfolio, including beaten-down stocks for 2023, stocks that represent great value now, you crushed it." Cramer saw winners on Thursday in the health-care sector, specifically Johnson & Johnson and Abbott Labs . He also advised that investors look into the utilities sector, including Sempra , PG&E and American Electric Power , along with transports, especially railroad company Canadian Pacific Kansas City . Cramer conceded he's not sure this broadening market move has staying power, wondering if tech will return to its top slot next week.
Persons: CNBC's Jim Cramer, Cramer, " Cramer, Tesla, Johnson, Morgan, Wells, Ralph Lauren, he's, there's, it's Organizations: Tesla, Netflix, Taiwan Semiconductor, Microsoft, Nvidia, Abbott Labs, Bank of America, Walmart, Costco, American Electric Power, Canadian, Canadian Pacific Kansas City Locations: Wells Fargo, Canadian Pacific Kansas
Is the World Ready for Another Goop?
  + stars: | 2023-07-19 | by ( Jessica Testa | ) www.nytimes.com   time to read: +1 min
There was once an Instagram account called Sporty & Rich. But hobbies do not stay hobbies for long in the modern age. As her following grew, Ms. Oberg envisioned a print magazine. She envisioned a small line of merch: simple hoodies and tote bags and hats embroidered with “Sporty & Rich.” Then she began to envision a different life for herself — one of less hustle and more leisure. She moved to Los Angeles in 2018, and now her T-shirts are printed with phrases like “Health Is Wealth!” and “Drink More Water!”
Persons: Ralph Lauren —, Frank, Phoebe Philo’s, Barack Obama, Joe Namath, Emily Oberg, Oberg, , Organizations: , tote Locations: Bedford, Stuyvesant, Brooklyn, Los Angeles
During one of the most extreme heat waves Europe has had this summer, executives in suits dashed from cabs into Milan’s air-conditioned offices, while tourists sipped mimosas under clouds of cooling vapor in the Bar at Ralph Lauren. Below the darkened windows, delivery riders cycled under the sun to shuttle sushi and poke bowls to office buildings. And along the highway that connects Milan to the seaside, laborers wore safety vests on bare, sunburned chests as they lugged buckets of concrete in the scorching heat. Temperatures in southern Europe have climbed past 40 degrees Celsius, or 104 Fahrenheit, with higher figures expected on Wednesday. While everyone was feeling the scorching weather, the heat wave has also highlighted a deep divide — between those who can afford to shelter from it, and those who cannot.
Persons: Ralph Lauren Locations: Europe, Milan
Suzanne KapnerSuzanne Kapner writes about the retail industry for The Wall Street Journal from New York. She won a 2017 Society for Advancing Business Editing and Writing, or Sabew, award for her coverage of the retail industry in crisis, including a series of stories about the downfall of Sears. She was part of a team that won a 2021 Sabew honorable mention for stories detailing fashion’s new China problem. Suzanne joined the Journal in 2011 to cover Citigroup. She has written about finance and retailing at various publications, including the New York Times and Fortune magazine, during her more than three decades in journalism.
Persons: Suzanne Kapner Suzanne Kapner, Neiman Marcus, Michael Kors, Ralph Lauren, Suzanne Organizations: Wall, JCPenney, Abercrombie, Fitch, Sears, Citigroup, New York Times, Fortune, Syracuse University Locations: New York, China
Fast fashion retailer Shein was accused in a federal lawsuit of directly copying designers' work. The lawsuit also accuses Shein of racketeering and claiming copyright infringement is central to the business model. The suit went on to allege that Shein's practice of using a conglomeration to facilitate the copyright infringement amounts to racketeering. They also offered her $500, an offer that the lawsuit claimed was consistent with other designers' experiences. It's hardly the first time that Shein has faced legal action related to allegations of copyright infringement.
Persons: Shein, Krista Perry, It's, Oakley, Ralph Lauren Organizations: Service, Street Locations: Wall, Silicon, Los Angeles
Amazon sellers told Wired that sellers on the ultra-cheap marketplace Temu are copying their listings. Sellers told the publication that their Amazon sales have recently declined. According to an article by tech publication Wired, Amazon sellers have discovered their products are being sold on the ultra-cheap marketplace Temu for less. While the site has been known to sell counterfeit and knockoff goods, in some cases, Temu sellers have copied product photos, descriptions, and keywords directly from the original Amazon listings. In 2020, Amazon established its Counterfeit Crimes Unit, which works with brands to identify and remove counterfeit products.
Persons: Sellers, Temu, they've, sneakerheads, Nike Air Jordan knockoffs, Shein, Ralph Lauren, Oakley, Martens Organizations: Service, Wired, Temu, Bloomberg, Nike Air Jordan, Amazon Locations: Wall, Silicon, Europe, China
Wimbledon 2023: See the Best Style in the Stands
  + stars: | 2023-07-11 | by ( Jacob Gallagher | ) www.wsj.com   time to read: 1 min
Pierre GaslyThough he placed a brutal 18th at the Silverstone Grand Prix earlier in the day, the French F1 driver arrived at Wimbledon in cheery, yacht-club-ready Ralph Lauren. Getty Images
Persons: Pierre Gasly, Ralph Lauren, Getty Organizations: Silverstone, French F1, Wimbledon Locations: French
CNBC's Jim Cramer on Monday advised investors to think less about how China affects American stocks. "No matter how disappointing the growth numbers we see out of the Chinese economy — and they are plenty disappointing — people keep wanting to buy American stocks that are seen as having major Chinese exposure," Cramer said. Cramer highlighted construction equipment manufacturer Caterpillar , which he said is a "terrific story," but not a "China story." But Cramer acknowledged that China does have an impact on some companies, like Ralph Lauren , which is seeing significant growth in its Chinese market. "Go ahead, knock yourself out imagining how China exposure can boost the growth of American companies," Cramer said.
Persons: CNBC's Jim Cramer, Cramer, Ralph Lauren Organizations: Caterpillar, Nike, North Locations: China, U.S, North America, Europe, America
Until recently, Shein has relied on sourcing its products through its on-demand manufacturing model. Last month, the Chinese-owned e-commerce company expanded its marketplace beyond clothing and introduced home appliances, electronics, gardening supplies, and kitchen utensils, among other categories. But to grow its offerings, the company took a page out of Amazon's Marketplace playbook and opened its marketplace to third-party retailers in May. In doing so, it may invite more of the same counterfeit and copyright infringement issues that Amazon's marketplace has faced. In 2020, Amazon established its Counterfeit Crimes Unit, which works with brands to identify and remove counterfeit products.
Persons: Shein, , skimpy swimsuits, Ralph Lauren, Oakley, Martens, sneakerheads Organizations: Service, Nike Air, US Customs, US Chamber of Commerce, Amazon, Bloomberg Locations: Europe, China
A white powder was found inside the White House late Sunday, which led to a temporary closure. Firefighters identified the material as "cocaine hydrochloride," the Washington Post reported. The Secret Service told Reuters an "unknown" item was indeed found there. The material was found in the West Wing, the spokesperson added, which is a part of the White House connected to the executive mansion, where the president lives. According to the Washington Post, a Washington DC firefighter on the hazardous materials team said the test results for the substance showed "a yellow bar saying cocaine hydrochloride."
Persons: , Joe Biden, David, Narendra Modi, Jane Fraser, M, Ralph Lauren, Rupert Murdoch's Organizations: House, Firefighters, Washington Post, Service, Reuters, The Washington Post, Secret Service Uniformed Division, Secret Service, Wing, Washington DC, Apple, Google, White, Indian, Citigroup
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRalph Lauren CEO on consumer spending: We're seeing them gravitating towards higher priced itemsRalph Lauren CEO Patrice Louvet joins CNBC's Andrew Ross Sorkin from the Aspen Ideas Festival to discuss consumer spending habits, whether consumers are trading down, marketing in today's landscape, and more.
Persons: Ralph Lauren, Lauren, Patrice Louvet, Andrew Ross Sorkin Organizations: Aspen Ideas
Some of the tech and business industries' top CEOs attended a White House dinner Thursday. Take a look at the CEOs and industry giants who made the guest list and dressed up in their finest. The White House invited leaders from across the tech and business industries for a dinner held for Prime Minister of India Narendra Modi's visit to Washington. The visit has been a crucial one for Biden, as the White House looks to build closer ties with India. Here's a look at the CEOs and industry giants who made the guest list and dressed up in their finest.
Persons: OpenAI, India Narendra Modi's, Biden, Mark Zuckerberg, Elon Musk, Tesla, Dana White, James Murdoch, Rupert Murdoch's, Jane Fraser, Adena Friedman, Deven Parekh, Hemant Taneja, Catalyst, Ralph Lauren, M, David Calhoun, Larry Culp, Doug McMillon Organizations: White, Apple, Google, Morning, Microsoft, White House, Meta, Twitter, UFC, Citigroup, Nasdaq, Insight Partners, Boeing, Electric, Walmart Locations: Washington, India, China, Taiwan
This week, the tech billionaires discussed cage fighting as a way to settle their disputes. They did so as the CEOs of Apple, Google, and Microsoft met Narendra Modi at the White House. The CEOs of Apple, Google, and Microsoft attended a White House dinner with India's prime minister, Narendra Modi, on Thursday as Elon Musk and Mark Zuckerberg escalated their beef with each other. Modi's visit to the US this week has been a crucial one for Biden, as the White House looks to build closer ties with India. On Thursday, the same day the White House dinner took place, Musk tweeted "let's go full MMA," suggesting that his fight with Zuckerberg should involve the style of combat seen in UFC bouts.
Persons: Elon Musk, Mark Zuckerberg, Narendra Modi, Tim Cook, Sundar Pichai, Satya Nadella, Joe Biden's, Modi, Ralph Lauren, James Murdoch, Mukesh Ambani, Modi's, Biden, Zuckerberg, Musk, let's Organizations: Apple, Google, Microsoft, White, Morning, Elon, Bloomberg, Twitter, Meta Locations: Washington, India, China, Taiwan
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