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Friday’s jobs report is expected to show another relatively healthy month of payroll gains, alongside a stable unemployment rate. At the moment, there is little light at the end of the tunnel for those job seekers. The unemployment rate was expected to be unchanged from August, at 4.2%. While the economy continues to add jobs at a steady clip, signs of ongoing labor market weakness have become unmistakable. Last week, the Conference Board’s closely watched consumer confidence survey fell by the largest amount since August 2021, driven largely by concerns about the labor market.

Persons: Dana M, Peterson, Guy Berger, ” Berger, Berger, precariousness Organizations: Labor Statistics, Conference, Conference Board, Glass, Federal Reserve Locations: U.S

☆ Stocks making the biggest moves midday: Rivian, Abercrombie & Fitch, CVS, Spirit Airlines and more
▼ + stars: | 2024-10-04 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Abercrombie & Fitch - Shares of the teen apparel retailer jumped nearly 8% after JPMorgan added it to its positive catalyst watch list. JetBlue shares jumped more than 15% on the news. Summit Therapeutics – The biopharmaceutical company added 2%. Other international shipping stocks saw losses as well, including Danish shipping giant Maersk at 5% . CVS Health — The company's shares added 3.3%.

Persons: Abercrombie &, Matthew Boss, Hollister, Tencent, — CNBC's Sean Conlon, Hakyung Kim, Christina Cheddar, Berk, Lisa Kailai Han Organizations: Abercrombie, Abercrombie & Fitch, JPMorgan, Spirit Airlines, JetBlue Airways —, Wall Street, JetBlue, Vistra, Nvidia, Therapeutics, Drug Administration, Ubisoft Entertainment, Bloomberg News, Ubisoft, SilverCrest Metals, Mining, Zim Integrated Shipping Services —, U.S, dockworkers, United States Maritime Alliance, Maersk, CVS Health, CNBC, CVS

☆ Red Lobster is a mess. Here’s why the new 35-year-old CEO wanted the job anyway
▼ + stars: | 2024-10-04 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +10 min

Red Lobster's new chief executive Damola Adamolekun during an interview with CNN at a Red Lobster in Long Island, New York, last week. CNNIn Springfield, he first ate at a Red Lobster with his parents and two siblings after church one Sunday. Red Lobster was where he, like millions of Americans, experienced eating lobster and cracking crab legs for the first time. Beyoncé sang about taking a romantic partner to Red Lobster in her 2016 hit song “Formation.”After Red Lobster filed for bankruptcy, Flava Flav ordered the whole menu to try to save the company. Red Lobster closed more than 100 restaurants this year, including a location in Orlando, Florida, shown this year.

Persons: Damola Adamolekun, “, ” Adamolekun, It’s, ”, Adamolekun, Bill Darden, Mills, Chris Rock, Nicki Minaj, Beyoncé, Flav, “ Mr, ” —, Kevin Lamarque, Clarence Otis Jr, RJ Hottovy, Hottovy, Adamolekun’s, ” Hottovy, ’, Red, Phelan M, can’t, John Paulson, Paulson, P.F, Chang’s, Morgan McClure, Fortress, ” McClure, Brandon Bell, isn’t Organizations: New, New York CNN, CNN, Fortress Investment, Fortress, Red, Boomers, Darden, Thai Union Group, Former Red Lobster, Thai Union, As Thai Union, Thai, Brown University, Harvard Business School, Paulson & Co Locations: New York, Long, , New York, Nigeria, Zimbabwe, Netherlands, Springfield , Illinois, United States, Long Island , New York, Springfield, America, Alexandria , Virginia, Olive, Thai Union, Thai, Orlando , Florida, P.F, Chang’s, Columbia , Maryland, New York City, Scottsdale , Arizona, Austin , Texas

☆ Nike stock chart is showing signs of a bottom and a turnaround ahead
▼ + stars: | 2024-10-03 | by ( David Keller | ) www.cnbc.com time to read: +3 min

Before this week's downside price gap, it's worth noting that Nike was testing a major resistance level into last week. To add to this "confluence of resistance," we can also see the 200-day moving average looming large, currently sitting just above $91. The weekly chart can provide some additional context as to what the recent upswing means relative to the long-term trend for Nike. The long-term trend has been decidedly negative for NKE, with price remaining below the 150-week moving average since Q2 2022. Nike also sits below a downward-sloping 40-week moving average, which is essentially the same as the 200-day moving average on the daily chart.

Persons: downtrend, NKE, David Keller Organizations: Nike Inc, Nike, CMT, CNBC, NBC UNIVERSAL

☆ Fact check: Amid bipartisan praise for Biden hurricane response, Trump falsely claims reviews are ‘universally’ negative
▼ + stars: | 2024-10-03 | by ( Daniel Dale | ) edition.cnn.com time to read: +4 min

The Biden administration’s response to the hurricane has received bipartisan praise from political leaders in affected states. But Trump’s assertion that reviews for the Biden administration’s handling of the crisis have been entirely negative is not true. And this is just the latest Trump false claim on the subject of the administration’s hurricane response. Brian Kemp hadn’t been able to get Biden on the phone, though Kemp had said the same day that he had already spoken to Biden. Praise from Republican governorsVarious Republican governors in the southeastern states hit by Hurricane Helene have praised the Biden administration’s response, sometimes naming Biden in particular.

Persons: Donald Trump, Hurricane Helene, Joe Biden, Kamala Harris “, Trump, Biden, Brian Kemp hadn’t, Kemp, Trump baselessly, Roy Cooper, Henry McMaster, “, Pete Buttigieg, Deanne Criswell, Glenn Youngkin, Bill Lee, Lee, North Carolina Cooper, Cooper, “ We’re, ” Cooper, Harris, Esther Manheimer, ” Organizations: Washington CNN, Biden, Georgia Gov, Democratic, Republican South Carolina Gov, Transportation, McMaster, Federal Emergency Management Agency, Republican Virginia Gov, FEMA, Republican Tennessee Gov, North, MSNBC Locations: Hurricane, North Carolina, Carolina, Asheville

☆ UK's JD Sports shrugs off Nike woes with multi-brand approach
▼ + stars: | 2024-10-02 | by ( ) www.cnbc.com time to read: +2 min

(photo by John Keeble/Getty Images)British sportswear retailer JD Sports Fashion is confident it will meet annual profit forecasts after its multi-brand strategy boosted half-year results even as Nike, which accounts for 45% of its sales, struggles. Nike on Tuesday posted disappointing quarterly sales growth and warned its holiday season would likely be filled with discounts. Worries over Nike hit shares in JD Sports in early deals. In the 26 weeks to Aug. 3, JD posted adjusted pretax profit of 405.6 million pounds ($538.8 million), beating analysts' expectations of 384 million pounds. For the full financial year, JD reiterated its guidance for profit of between 955 million pounds and 1.035 billion pounds, up from 917.2 million pounds in 2023/24.

Persons: John Keeble, Nike's underperformance, Regis Schultz, Elliott Hill, JD Organizations: Sports, Oxford Street, Getty, JD, Nike, Adidas, JD Sports Locations: ENGLAND, London, England, British, HOKA, Britain, Europe, United States

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Tesla, Nike, Meta, Alphabet, Rio Tinto & more
▼ + stars: | 2024-10-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

JPMorgan upgrades Parr Pacific to overweight from neutral JPMorgan said the gas exploration and production company has overcorrected. JPMorgan downgrades MercadoLibre to neutral from overweight JPMorgan downgraded the online Latin American marketplace mainly due to valuation. Wells Fargo reiterates Meta as overweight Wells Fargo raised its price target on Meta to $652 per share from $647. JPMorgan upgrades SAIC to overweight from neutral The firm says it sees "profitable growth" for the IT company. Berenberg upgrades Rio Tinto to buy from hold Berenberg says the metals and mining company is a "medium-term diversified winner."

Persons: Roth, DA Davidson, Davidson, PARR, Wolfe, Raymond James downgrades, Raymond James, Guggenheim, Mizuho, it's bullish, tailwinds, Wells, Wells Fargo, Canaccord, Tesla, Berenberg, Baird downgrades Harley, Baird, Harley, Gordon, FANG, Bernstein Organizations: Iren Energy, Industries, JPMorgan, Parr, Northland, TAM, Raymond James downgrades GE, GE, Deutsche Bank, Nike, Absci Corporation, Mizuho, Kodiak, Kodiak Gas Services, Meta, SAIC, IT, Tesla, Mobile, T Bank, Buffalo, Rio Tinto, BHP, Home Depot, Barclays, Diamondback Energy, Nvidia, Apple Locations: OW, Asia, Vegas, Northland, Salesforce, Rio, American

It also raised its price target to $210 from $187, suggesting shares could rise more than 17% from Tuesday's close. He maintained his $2,400 price target, which implies 16.2% upside potential from Tuesday's close. Bank of America's Lorraine Hutchinson reiterated her buy rating while trimming her price target to $100 from $104. Deutsche Bank analyst Krisztina Katai also maintained her buy rating and inched down her price target by $3 to $92. He also lowered his price target on shares to $40 from $42, implying upside of just 5.2% over the next 12 months.

Persons: Baird, Davidson, Raymond James, Pavel Molchanov, Molchanov, — Hakyung Kim, FANG, Betty Jiang, Jiang, Diamondback, John Pancari, Pancari, Marcelo Santos, Santos, LatAm, Santo, Elliott Hill, Bank of America's Lorraine Hutchinson, Hutchinson, Krisztina Katai, Katai, Matthew Boss, Boss, Baird downgrades Harley, Craig Kennison, Harley, Kennison, Fred Imbert Organizations: CNBC, GE, General Electric, Barclays, Diamondback, Diamondback Energy, Endeavor, Endeavor Energy Resources, Management, T, T Bank, Federal Reserve, ISI, EA, JPMorgan downgrades, JPMorgan, MercadoLibre, Nike, Bank of, Deutsche Bank, Harley Locations: Tuesday's, Bank of America's, Hill

☆ With Hurricane Helene disrupting travel, here's what fliers need to know
▼ + stars: | 2024-10-01 | by ( Greg Iacurci | ) www.nbcnews.com time to read: +4 min

However, weather-related events like Hurricane Helene are generally considered to be outside an airline’s control, meaning passengers have relatively few rights to compensation, experts said. Airlines make concessions in some casesSome airlines are making concessions tied to Hurricane Helene, though they vary by carrier and geography. For example, American Airlines, Delta Airlines and United Airlines have alerts about flooding in the Southeast. American Airlines is also giving leeway to passengers scheduled to travel through Augusta, Georgia, between Sept. 29 and Oct. 4. Plus, policies bought after Helene became a named storm generally won’t cover claims related to it.

Persons: Eric Napoli, Helene, Napoli, “, Hurricane Helene, ”, Sally French, ” Napoli Organizations: North Carolina Department of Transportation, U.S . Department of Transportation, Hurricane, American Airlines, Delta Airlines, United Airlines, Valdosta ., Delta, Consumers Locations: Southeast U.S, U.S, Florida, Florida , Georgia, North Carolina, South Carolina, Virginia, Tennessee, Asheville , North Carolina, Georgia, Valdosta, Valdosta . United, Augusta , Georgia, Asheville

☆ Q3 was an important turnaround for us, says McCormick CEO Brendan Foley
▼ + stars: | 2024-10-01 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Q3 was an important turnaround for us, says McCormick CEO Brendan FoleyMcCormick President and CEO Brendan Foley joins 'Mad Money' host Jim Cramer to talk quarterly results, its portfolio offerings and more.

Persons: McCormick, Brendan Foley McCormick, Brendan Foley, Jim Cramer

Israel’s recent attacks on Hezbollah expose weaknesses in Iran’s proxy strategy. Israel’s attacks on Hezbollah exposes weaknesses in Iran’s ‘axis of resistance’In a matter of weeks, Israel has dealt devastating blows to Iran’s most important proxy, Hezbollah. For Iran, Hezbollah was supposed to be the cornerstone of its strategy to outflank superior adversaries, such as Israel, with armed proxies. But Iran’s strategy, dubbed the “axis of resistance,” underestimated how Israel would respond to the Hamas terrorist attack of Oct. 7 and subsequent cross-border rocket fire from Hezbollah. Helene leaves a trail of destruction in the SoutheastThe devastation from Helene came into clearer view over the weekend, with residents in the Southeast reeling from the storm’s impact.

Persons: Helene, Derrick Henry, Hezbollah’s, Hassan Nasrallah, ”, “, Bruce Hoffman, —, they’ve, Nelson Mandela, Marwan Barghouti, Sheriff Quentin Miller, Ron DeSantis, Donald Trump, Stephanie Scarbrough, eason, alf Organizations: Baltimore Ravens, NFL, Israel, U.S, Sheriff, Tennessee Bureau of Investigation, Gov, NBC, NFL Baltimore, Ravens, Buffalo Bills, ’, Kansas City Chiefs, Minnesota Vikings, Seattle Seahawks, Kansas City, Seattle, Detroit Lions Locations: Florida, North Carolina, Israel, Iran, Gaza, Iraq, Syria, Yemen, Tehran, Buncombe County, Asheville, Tennessee, Valdosta , Georgia, Los Angeles . Minnesota, Green

☆ Is Iran’s 'axis of resistance' collapsing under Israeli attacks?
▼ + stars: | 2024-09-30 | by ( Dan De Luce | Dan De Luce Is A Reporter For The Nbc News Investigative Unit. | ) www.nbcnews.com time to read: +9 min

But Iran’s strategy underestimated how Israel would respond to the Hamas terrorist attack of Oct. 7 and subsequent cross-border rocket fire from Hezbollah. “Israeli intelligence has restored their aura of deterrence," Hoffman said. However, Yahyah Sinwar, the leader of Hamas, is believed to be alive and hiding in tunnels that Israeli forces have not yet seized. The successful Israeli operations have also forced Iran and Hezbollah to face a vexing question: how and when to retaliate without suffering yet more setbacks? As long as Israeli attacks continue, Hezbollah’s decision-making will be in disarray, but the militia remains a significant force.

Persons: Israel, Hassan Nasrallah, “, ”, Bruce Hoffman, Hoffman, Mohammed Hamoud, Yahyah Sinwar, Matthew Savill, Savill, ” Glenn Corn, Ezzedine, Majdi, Nasrallah, Ayatollah Ali Khamenei, Karim Sadjadpour, ” Sadjadpour, Marc Polymeropoulos, Rabih Daher, Benjamin Netanyahu, Corn, “ Who’s, Norman Roule, ” Roule Organizations: Islamic Revolutionary Guard Corps, School of Foreign Service, Georgetown University, “, Royal United Services Institute, Defense Ministry, CIA, Institute, Infrastructure Technology, Hamas, Getty, West, Carnegie Endowment, International, Israel, Lebanese Armed Forces, United, Nuclear Locations: Iran, U.S, Tehran, Gaza, Iraq, Syria, Yemen, Israel, Sana'a, Iranian, Hodeida, Lebanon, London, Gaza City, ”, Lebanese, Mahmudiyah, AFP, Beirut, Nuclear Iran

☆ Netanyahu rides wave of euphoria in Israel over Hezbollah assassinations as his political fortunes turn around
▼ + stars: | 2024-09-30 | by ( Mick Krever | ) edition.cnn.com time to read: +8 min

“It’s clear enemies of Israel,” she said, referring to those whom Israel says it is targeting. The next day, an explosion in a Tehran government guest house killed Hamas’ political leader, Ismail Haniyeh. But that scheme drew withering criticism from national security veterans and was finally quashed when Israel escalated the war in Lebanon. Jalaa Marey/AFP/Getty ImagesBroader political supportNadav Shtrauchler, a political strategist who has worked closely with Netanyahu, told CNN that bringing Sa’ar into government was intended to have three effects. Finally, he told CNN, broader political support is important as the war with Hezbollah escalates, and the possibility of a ground invasion looms.

Persons: Israel CNN —, Minister’s Benjamin Netanyahu’s, ”, Netanyahu, pollster, Dahlia Scheindlin, “, Amir Cohen, Israel, Hezbollah’s, Fu’ad, Ismail Haniyeh, Hassan Nasrallah, Gideon Sa’ar, Sa’ar, ” Netanyahu, Yoav Gallant, Gideon Sa'ar, Jalaa Marey, Nadav, Sa’ar –, –, Itamar Ben, Gvir, ” Shtrauchler, Netanyahu “, Gallant, ” Scheindlin, Benny Gantz, ” Gantz, toasting Organizations: Israel CNN, Hamas, Likud, Israel’s, CNN, Reuters, Revolutionary Guards, Getty, National, Israel Defense Forces ’ Locations: Tel Aviv, Israel, Lebanon, Gaza, Syria, Beirut, Tehran, Yemen, AFP, Sa’ar

☆ Analysis: China is celebrating National Day but with the economic downturn not everyone is in the party spirit
▼ + stars: | 2024-09-30 | by ( Nectar Gan | ) edition.cnn.com time to read: +10 min

Tourists visit an ancient city gate in Beijing, China ahead of National Day. The stock market may be in the midst of one of its most remarkable turnarounds, but economists say reversing China’s economic downturn will require much more work. “Stimulating the stock market doesn’t really do much for the real economy in China. Very few people invest in the stock market compared to other major markets,” said Logan Wright, director of China markets research at Rhodium Group. Property woesThe outlook for the real estate industry, which makes up about a quarter of the Chinese economy and 70% of household wealth, remains dim.

Persons: Japan’s “, Xi Jinping, Xi, Xu Tianchen, Hong, David Tepper, ”, Logan Wright, Wright, There’s, ” Wright, “, hasn’t, Alfred Wu, Lee Organizations: Hong Kong CNN, Economist Intelligence Unit, Reuters, Shenzhen bourses, Securities Times, Tourists, Management, CNBC, Barclays, Communist Party, Lee Kuan Yew, of Public, National University of Singapore Locations: Hong Kong, China, People’s Republic, United States, Beijing, Shanghai, Shenzhen, Guangzhou, China’s, Xi’s

☆ Jim Cramer explains why he's bullish on Starbucks
▼ + stars: | 2024-09-30 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Monday told investors why he's optimistic about Starbucks , reviewing the bull and bear cases for the stock recently released by different analysts. "I think he's got such a great track record that he's more than earned the benefit of the doubt." The ailing coffee change announced a change of management last month, replacing CEO Laxman Narasimhan with former Chipotle CEO Brian Niccol. Starbucks saw sales decline over the past few quarters, and shares fell more than 20% during Narasimhan's time in the role, according to CNBC. Cramer compared a bearish downgrade from Jefferies and a bullish upgrade from Bernstein, as both firms posted analyses last week.

Persons: CNBC's Jim Cramer, he's, Laxman Narasimhan, Brian Niccol, Niccol, Cramer, Bernstein, Jefferies, I'm Organizations: Starbucks, CNBC, Jefferies

☆ Yen steadies, dollar slips as China reaches for stimulus
▼ + stars: | 2024-09-30 | by ( ) www.cnbc.com time to read: +3 min

Japanese 10,000 yen banknotes and U.S. one-hundred dollar banknotes are arranged for a photograph in Tokyo, Japan. The yen slipped about 0.4% to 142.75 per dollar after jumping 1.8% on Friday. European inflation data on Tuesday and Chinese data due later on Monday are also keenly awaited. The New Zealand dollar was up 0.3% at $0.6360 after hitting its highest since December on Friday. "The trend over next year or so is for the dollar to go down," said Commonwealth Bank of Australia strategist Joe Capurso.

Persons: Shigeru Ishiba, Ishiba, Ray Attrill, Joe Capurso Organizations: Liberal Democratic Party, NHK, Bank of Japan, National, New, New Zealand, U.S, U.S . Federal, Commonwealth Bank of Australia Locations: Tokyo, Japan, National Australia, China, U.S .

☆ How Prada is beating the odds and bucking the luxury slump
▼ + stars: | 2024-09-30 | by ( Madeline Berg | ) www.businessinsider.com time to read: +10 min

"I think the 'miracle' at Prada is Miu Miu," Luca Solca, a senior analyst at Bernstein, told Business Insider. Miu Miu is doing just that. "Miu Miu is resonating with consumers because of a savvy mix of product and communication marketing," Solca said. Miu Miu has embraced stars (Sydney Sweeney and Gigi Hadid were featured in recent campaigns), which has energized its following. AdvertisementIn short — pun intended — you can't get trendier than Miu Miu right now, and being trendy is good for business.

Persons: that's, Miu Miu, Luca Solca, Bernstein, Miu, —, Moncler, Stifel's Rogerio Fujimori, Edward Berthelot, Solca, Sydney Sweeney, Gigi Hadid, Lexie Liu, Zhao Jinmai, Wu Yanshu, Miu Miu's Mary Jane, It's, Prada, Prada hadn't, Jelena Sokolova, Morningstar, Burberry, Gucci, Andrea Guerra, Raf Simons, Muccia Prada, Goldman Sachs, Gen, Scarlett Johansson, Arqué, Sokolova, Alessandro Michele, Guerra, L'Oréal, " Guerra Organizations: Prada, HSBC, Little, Business, New York Times, LVMH, Gucci Locations: Prada, Asia, China, Tokyo, Taipei, Nanjing, LVMH, Hong Kong

☆ China's $114 billion stimulus package immediately boosted its stock market. But can it last?
▼ + stars: | 2024-09-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

AdvertisementUS financial firms' interest in China was on its last legs, but a new stimulus package has some investors excited again. The immediate impact of China's $114 billion package, which includes cutting interest rates and reducing the amount of money banks need to keep in reserve, has been big. Traders, investors, and speculators have sent China's stock market to its best month in nearly a decade , signaling that the market players think that Beijing's moves are a "bazooka." Our annual list of Wall Street rising stars is here. According to a new report from The Wall Street Journal, executives attempted to woo the AI researcher back before rescinding the offer.

Persons: —, Andres Martinez Casares, Alyssa Powell, Linette Lopez isn't, Linette, Jon Hicks, that's, David Tepper, He's, Tepper, Pan Gongsheng, BI's Filip De Mott, Wall, Natalie Ammari, Crypto, Donald Trump, Kamala Harris, Marc Piasecki, Tyler Le, who's, OpenAI execs, Ilya Sutskever, it's, Tara Anand, aren't, Jerome Powell, Ryan Routh, El Chapo, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Grace Lett, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Traders, Bank of China, bros, Trump, Getty, Houston Chronicle, Hearst Newspapers, Elon, Wall Street Journal, Netflix, Longshoremen's Association, National Association for Business Locations: China, New York, London, Chicago

☆ China property stocks rally after major cities ease homebuying restrictions
▼ + stars: | 2024-09-30 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +3 min

Noel Celis | Afp | Getty ImagesShares of Chinese property developers rallied on Monday after major cities in mainland China unveiled easing measures to boost homebuyer sentiment, following the central bank's blitz of policy stimulus. The Guangzhou city government said in a notice on Sunday that all restrictions on home purchases would be removed, effective from Monday. China Overseas Land & Investment and China Vanke climbed 5.06% and 12.89%. Mainland China's CSI 300 surged 6% Monday, after the index logged its best week in almost 16 years on Friday. The easing measures follow the central government's call last week to combat the property slump last week.

Persons: Noel Celis, China Vanke, Allen Feng, Gary Ng, Ng, Xi Jinping Organizations: HK, Afp, Getty, Mainland Properties, Longfor Group Holdings, Hang Lung, China Resources, ., . China Overseas Land & Investment, China's CSI, CSI, People's Bank of Locations: Guangzhou, China's, Guangdong, China, Shanghai, Hong Kong, . China, —, Beijing, People's Bank of China

☆ Using options to bet on a comeback in the athleisure stocks
▼ + stars: | 2024-09-30 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

Nike (NKE) and Lululemon (LULU) are two of the most well-known athleisure stocks. NKE YTD mountain Nike, year-to-date The tricky bit is that the promise of that strategic shift will not be reflected in the company's trailing results when they report this week. Buy NKE March 21 $90 call Sell Oct. 18 $95 call Why did I also include Lululemon, another athleisure laggard, in this? Unlike Nike, Lululemon is still growing, albeit slower than it had been previously. LULU YTD mountain Lululemon, Year-to-date However, Lulu is now trading about 20 times forward earnings estimates, a significantly lower multiple than Nike, trading at 26 times forward profits.

Persons: LULU, Lulu, Elliott Hill, John Donahue, Donahoe Organizations: Nike, Nike flatlined, CNBC, NBC UNIVERSAL Locations: Swiss, LULU

YES KOO CAN FOX | NFL+ pic.twitter.com/eMlvhWUiLq — Atlanta Falcons (@AtlantaFalcons) September 29, 2024Meanwhile, in Indianapolis, it was just like the old days: Joe Flacco going against the Pittsburgh Steelers. True or false: The Colts are more of a threat to win the AFC South this season with Joe Flacco than with Anthony Richardson. Flacco has seen and done it all, and he does bring a veteran presence and poise that can help a team win games. While Richarson, who leads the NFL with six interceptions, is the future, Flacco does give the Colts the best chance to win right now. It is true that Joe Flacco gives the Colts a better chance at the AFC South crown than a limited Anthony Richardson.

Persons: Joe Flacco, Mike Jones, Ted Nguyen, Saad Yousuf, Anthony Richardson, Jones, he’s, Flacco, Richarson, Richardson, benching, Yousuf, —, Baker Mayfield, Derek Carr, Kirk Cousins, Doug Pederson, Trevor Lawrence, Pederson hasn’t, Lawrence . Nguyen, I’m, Pederson isn’t, hasn’t, Pederson, there’s, Press Taylor, Justin Casterline Organizations: Bucs, Philly, Falcons, New, FOX, Atlanta Falcons, Pittsburgh Steelers, The Athletic NFL, Colts, AFC South, NFL, Flacco, AFC, Sunday’s Browns, Raiders, Texans, NFC, Mayfield, Buccaneers, Carolina Panthers, Dallas Cowboys, Cowboys, Eagles, Tampa, Philadelphia, The Falcons, Kansas, Jaguars, Bills, Press Locations: New Orleans, Indianapolis, Tampa, Kansas City

☆ Austria election results: Freedom Party secures first far-right win since World War II
▼ + stars: | 2024-09-29 | by ( Story Associated Press | ) edition.cnn.com time to read: +6 min

Preliminary official results showed the Freedom Party finishing first with 29.2% of the vote and Chancellor Karl Nehammer’s Austrian People’s Party was second with 26.5%. Dutch far-right leader Geert Wilders, whose party dominates the Netherlands’ new government, congratulated the Freedom Party on social network X Sunday. Herbert Kickl, leader of the Freedom Party of Austria poses with supporters, in Vienna, Austria, Sunday, Sept. 29, 2024, after polls closed in the country's national election. The People’s Party is the far right’s only way into government, and now holds the key to forming any administration. But that looks very unlikely with the Freedom Party in first place.

Persons: Chancellor Karl Nehammer’s, Greens –, Herbert Kickl, “, Kickl, ” Kickl, ” Nehammer, ”, Geert Wilders, Alice Weidel, Heinz, Peter Bader, Christian Strache, Andreas Babler, Nehammer, Storm Boris Organizations: Freedom Party, Sunday, Chancellor Karl Nehammer’s Austrian People’s Party, Social Democrats, Greens, Rivals, Party, Russia, Sky Shield, European Union, Germany, Freedom Party of Austria, People’s, People’s Party, Nazi Locations: Austria, Ukraine, “, Germany, Brussels, Netherlands, Vienna, Russian, Europe

"The issue of border security is not a new issue to me. James Lankford, R-Okla., and Kyrsten Sinema, I-Ariz.“I’m proud that Democrats, led by the Vice President, are finally talking about border security,” he said. "I won’t only bring back the border security bill that Donald Trump tanked, I will do more to secure our border to reduce illegal border crossings," she said Friday. But Lankford said that reviving this year's border security deal s not so simple and accused Harris of being absent on the issue. “That’s really a border bill.

Persons: Kamala Harris, Donald Trump’s, Harris, won’t, ” Sen, Chris Murphy, Conn, “, ” Harris, Obama, Trump, ” Trump, Joe Biden, ”, Murphy, James Lankford, Kyrsten Sinema, Republicans don’t, Donald Trump tanked, Lankford, Joe, ” Lankford, spokespeople didn't, he’s, Nanette Barragán, It’s, you’ve, you’re, ” Murphy Organizations: NBC News, Trump, GOP, NBC, Republican, Republicans, Democrat, Democratic, Congressional Hispanic Caucus, CHC, “ Locations: U.S, Mexico, Arizona, United States, Douglas , Arizona, California, Sens, Ukraine

☆ Tesla could have a tough time living up to the hype around its robotaxi event
▼ + stars: | 2024-09-28 | by ( Pia Singh | In | ) www.cnbc.com time to read: +8 min

The recent hype lifted Tesla's stock into positive territory for the year, and it's now up nearly 5% in 2024. A high-risk, high-reward venture Analysts polled by LSEG have a consensus price target of $210.71 on Tesla shares, implying a decline of 19% from Friday's close. "We believe widescale Tesla robotaxi deployment is unlikely in the coming years," Spak added. Still, the bull case around Tesla's robotaxi ambitions highlights the company's potential to provide cost-effective technology. Morgan Stanley analyst Adam Jonas is a Tesla bull with an overweight rating and a $310 price target — reflecting 19% upside.

Persons: it's, It's, Tesla, CFRA's Garrett Nelson, I've, Nelson, Bernstein, Nikhil Devnani, Joseph Spak, Spak, Tesla's, Elon, Bernstein's Devnani, Goldman Sachs, Mark Delaney, Morgan Stanley, Adam Jonas, Jonas, hasn't, CFRA's Nelson, Nelson's, Morgan Stanley's Jonas Organizations: Investors, Tesla, CNBC, LSEG, UBS, Guggenheim, Vehicle Passenger Service Locations: Los Angeles, U.S, Europe, China, Friday's, United States

☆ Utilities are the hottest part of the stock market right now, on track for their best year since 2000
▼ + stars: | 2024-09-28 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Utility stocks this year have mounted a rally unseen in more than two decades. In the third quarter, utilities are the best out of 11 sectors that comprise the S & P 500, climbing 18%. As a group, utilities are poised to score their largest quarterly gain since George W. Bush was president in 2003. If that holds through yearend, utilities will see their biggest annual advance since 2000, when they surged more than 50%. "Utilities are the hottest sector in the market currently," Wolfe Research Rob Ginsberg said in a note to clients in August.

Persons: George W, Bush, Wolfe, Rob Ginsberg, hasn't, It's, buildout, Ginsberg, Subramanian, Wells Fargo, Christopher Harvey, Harvey, LSEG Organizations: Utilities, Federal Reserve, Bank of, Nasdaq, Bank of America, Constellation Energy, CenterPoint Energy Locations: yearend, The Texas, Houston

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