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☆ Chewy shares surge after earnings beat on top and bottom lines
▼ + stars: | 2023-05-31 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +1 min

A dog sits in front of the New York Stock Exchange during Chewy Inc.'s initial public offering, June 14, 2019. Shares of Chewy surged more than 13% in extended trading Wednesday after the pet retailer posted earnings that beat Wall Street's estimates. Sales rose to $2.78 billion, up 14.7% from $2.43 billion a year earlier. Net sales per active customer and sales from autoship customers reached record highs in the quarter, Chewy said in a press release. The earnings beat comes after the retailer posted its first annual profit at the close of fiscal 2022 earlier this year, but noted the pet industry was seeing softness in discretionary and hard goods categories, which carry higher margins than consumables such as pet food.

Persons: Chewy Organizations: New York Stock Exchange, Chewy Inc, Refinitiv

☆ Stocks making the biggest moves after hours: C3.ai, Nordstrom, Salesforce, CrowdStrike and more
▼ + stars: | 2023-05-31 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Nordstrom — Shares of the high-end department store jumped 9% in extended trading after its fiscal first-quarter sales beat Wall Street's expectations. CrowdStrike — The cybersecurity firm's stock tumbled nearly 12% in after-hours trading after the company reported slowing revenue growth. CrowdStrike reported quarterly revenue of $692.6 million, marking a 42% year-over-year increase, which is slower than the 61% growth it reported in the year-ago quarter. C3.ai expects to see fiscal first-quarter revenue of between $70 million and $72.5 million, which is less rosy than Wall Street had expected. Analysts called for earnings of 4 cents per share on $559 million in revenue, according to Refinitiv.

Persons: Nordstrom, Salesforce, CrowdStrike, Okta, Chewy, —, Darla Mercado Organizations: StreetAccount, Revenue, Wall Locations: Refinitiv

☆ Nordstrom tops Wall Street's first-quarter sales expectations, even as shoppers spend less
▼ + stars: | 2023-05-31 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +5 min

Yet despite declining sales, Nordstrom stressed its progress with managing inventory, cutting costs and drawing shoppers, especially to the off-price brand Nordstrom Rack. Sales at Nordstrom Rack improved late in the quarter, with the strongest performance in April, the retailer said in a news release. Nordstrom 's fiscal first-quarter sales topped Wall Street's expectations on Wednesday, even as the retailer reported a spending drop and predicted slower sales in the coming months. The company's total revenue, including credit card sales, fell about 11% from $3.57 billion in the year-ago quarter, but surpassed Wall Street's expectations. Net sales at Nordstrom's namesake stores decreased 11.4% year over year, while net sales for Nordstrom Rack dropped 11.9%.

Persons: We're, Erik Nordstrom, Nordstrom, Ryan Cohen, Chewy, refreshes, Activewear, Jamie Nordstrom Organizations: Nordstrom, GameStop, CNBC Locations: Canada, U.S, Nordstrom

Looking ahead, investors this week will be laser-focused on Washington, as Congress prepares to vote on a bill to raise the U.S. debt ceiling . But the shortened trading week ahead still features some key earnings and economic data. ET: S & P/Case Shiller home price index (March) 10 a.m. ET: Employment report: Non-farm payrolls and jobless rate (May) Looking back Last week, three Club holdings reported earnings. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Walmart will offer pet telehealth in latest bid to compete with Amazon
▼ + stars: | 2023-05-22 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +6 min

Patrick T. Fallon | Bloomberg | Getty ImagesWalmart is jumping into the burgeoning pet telehealth market. Unlimited access to veterinary telehealth via video or text will be available to Walmart+ subscribers beginning on Tuesday, when Walmart is expected to announce the partnership publicly. Walmart's expansion into pet telehealth signals the largest U.S. retailer is ready to grow its share of the market. Traditional pet-only retailers like Chewy and Petco have already been investing in pet health care to better compete with big-box stores. Others have argued pet telehealth helps bridge the access to care as pet owners contend with a nationwide veterinary shortage and swaths of pet health deserts across rural America.

☆ Lightning Round: 'I don't like companies that pick fights with the SEC', says Jim Cramer on Coinbase
▼ + stars: | 2023-05-15 | by ( Jim Cramer | ) 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 EmailLightning Round: 'I don't like companies that pick fights with the SEC', says Jim Cramer on Coinbase'Mad Money' host Jim Cramer weighs in on stocks including: Chewy, Enterprise Products, Coinbase, Triple Flag Precious Metals, Amgen, GSK, IONQ, Southern Co., and Snowflake.

☆ Chewy on track to become more profitable business, says Roth MKM's David Bellinger
▼ + stars: | 2023-05-15 | 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 EmailChewy on track to become more profitable business, says Roth MKM's David BellingerRoth MKM's David Bellinger joins 'The Exchange' to discuss the reasons behind his Chewy call, Chewy's valuation in terms of revenue, and the power of Chewy's subscription program.

☆ Cramer's Lightning Round: I am not a believer in Coinbase
▼ + stars: | 2023-05-15 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon Chewy's year-to-date stock performance. Stock Chart Icon Stock chart icon Enterprise Products Partners year-to-date stock performance. Stock Chart Icon Stock chart icon Coinbase Global's year-to-date stock performance. Stock Chart Icon Stock chart icon Amgen's year-to-date stock performance. Stock Chart Icon Stock chart icon Snowflake's year-to-date stock performance.

☆ As shoppers look for savings, Nordstrom hopes Rack stores can fuel its revival
▼ + stars: | 2023-05-12 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +9 min

The success or failure of the Nordstrom Rack turnaround effort could shape the company's future. Those chains such as T.J.Maxx , Ross Stores and Burlington Stores , have opened more stores and wooed new customers, driving higher foot traffic than Nordstrom Rack has seen. Nordstrom Rack stores outnumber the company's namesake stores, with 241 locations across the country, according to company filings. Nordstrom Rack stores accounted for more than 40% of new customers in 2022, CEO Erik Nordstrom said on the March earnings call. As it pins its growth hopes on the off-price locations, Nordstrom has turned Rack stores into e-commerce hubs, too.

☆ I tested 5 quick and easy ways to earn your first dollar online. This is my guide for how to do it.
▼ + stars: | 2023-05-06 | by ( Zulie Rane | ) www.businessinsider.com time to read: +10 min

Rane says that the first dollar is the hardest to earn online, and then tried five ways to do it. So I decided to write an actual actionable guide on how to earn your first dollar online. So let's get into five ways to earn your first dollar online — that I have testedWhat do you need to earn your first dollar online? Let's look at five uncommon ways to earn your very first dollar online. I recommend:Hopefully, you'll be able to leave user testing and playing games for pennies behind as you move forward toward more profitable ways to earn money online.

☆ Here are Wednesday's biggest analyst calls: Apple, Chewy, Disney, Wells Fargo, AMD, Coinbase & more
▼ + stars: | 2023-05-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Bank of America upgrades Pearson to buy from underperform Bank of America said the selloff in the British education company is overdone. Bank of America upgrades Cogent to buy from underperform Bank of America upgraded the internet services provider and says it sees "new sales growth." Bernstein upgrades Marriott to outperform from market perform Bernstein said the hotel giant has the "highest quality" earnings stream. " Evercore ISI reiterates Wells Fargo as outperform Evercore said it's sticking with the larger banks as regional concerns continue. Berenberg upgrades HSBC to buy from hold Berenberg said in its upgrade of the UK bank that it's "structurally attractive."

☆ Los Angeles Is a Doughnut Town
▼ + stars: | 2023-04-24 | by ( Tejal Rao | ) www.nytimes.com time to read: +1 min

The Donut Hole, in La Puente, doesn’t sell the very best doughnuts in the Los Angeles area, but I love going there. Driving through its absurd, gigantic fiberglass doughnut — a pristine example of mimetic architecture — is a brief, giddy and almost spiritual experience. An edge, architectural or otherwise, is practically required in the unusually saturated, competitive doughnut market of Southern California. It might be a glamorous seasonal doughnut, like the strawberry-stuffed beasts you can find at the Donut Man, in Glendora, from February to September. I am consistently pleased by the simple chocolate glazed at Colorado Donuts — though if I’m with my nephews, the chewy, pull-apart, rainbow-colored mochi doughnuts from Mochi Dochi are always the stronger choice.

☆ Nordstrom adds former Nike executive to board as activist battle continues
▼ + stars: | 2023-04-17 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +2 min

Nordstrom on Monday said it has tapped former Nike operating chief Eric Sprunk to join its board, as the company faces pressure from an activist investor. Sprunk, who was Nike's COO from 2013 to 2020, will join the board immediately, the company said. In a news release, Nordstrom board member Brad Tilden highlighted Sprunk's "track record of driving e-commerce growth and large-scale transformations within a complex global business." Nordstrom did not say in the news release whether the board appointment was board of an agreement with Cohen. Net sales for the company's namesake banner decreased 2.4%, and net sales for its off-price banner, Nordstrom Rack, dropped 8.1% in the quarter versus the year-ago period.

☆ A Pretzel Recipe That Won’t Tie You in Knots
▼ + stars: | 2023-04-14 | by ( Samantha Seneviratne | ) www.nytimes.com time to read: 1 min

In New York City, you can find a pretzel within minutes of a craving — in warmed glass cases on corner street carts, all over transit hubs, even in the odd department store. They vary in quality but are often forgettable, something to stave off hunger until a better snack presents itself. But a big pretzel with a soft, dense middle, chewy ends and the perfect combination of tang and salt? That’s a little harder to come by. Unless you make it yourself.

☆ Here are Tuesday's biggest analyst calls of the day: Apple, Amazon, UPS, Netflix, WW, Disney & more
▼ + stars: | 2023-04-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Morgan Stanley names UnitedHealth a top pick Morgan Stanley says the healthcare company is best positioned in a recession. Morgan Stanley reiterates Netflix as equal weight Morgan Stanley said Netflix is the "streaming winner" but that it's "priced as such." Morgan Stanley downgrades Nasdaq to equal weight from overweight Morgan Stanley said that it has growth concerns for the exchange operator. JPMorgan upgrades Federated Hermes to overweight from underweight JPMorgan said the rate environment makes the capital market company's stock more attractive. Morgan Stanley upgrades AstraZeneca to overweight from equal weight Morgan Stanley said the pharmaceutical company is "leading the race" to outsmart cancer.

☆ I made $1 million in revenue from documenting my life with chickens on social media. Here's how I turned my blog into an empire.
▼ + stars: | 2023-04-03 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +8 min

Lisa Steele is a blogger and small-business owner who made more than $1 million in revenue in 2022. Now, I'm earning more than $1 million in revenue annually through book royalties, brand deals, and a backyard-poultry product line. I might have a phone call about products we're launching or about a new brand I'm working with, or I might design product labels or do research for a blog post. When I'm working on a book, and I've written seven in the last decade, I schedule social media as much as I can to give myself larger blocks of time to concentrate on writing. My time is super flexible, so I can live my life and still have a successful brand.

☆ A post-Covid spending hangover means you have to be more selective with pet plays, Cramer says
▼ + stars: | 2023-03-31 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

A Covid hangover is upon us, which means we just don't do things we did during lockdown, CNBC's Jim Cramer said on Friday. Pets may be subtle casualties of the current "long on money, short on time" spending mode, Cramer said. "Now you have to be more selective with the pet plays," Cramer said. Pure pet plays like Petco and Chewy have become "two of the most controversial stocks in the entire market," Cramer said. Smucker is also "another good safety play with a pet food kicker" that can work its way higher, Cramer said.

☆ Stocks making the biggest moves premarket: Coinbase, AMC, Chewy, First Republic and more
▼ + stars: | 2023-03-23 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in premarket trading. Coinbase — Shares of the cryptocurrency trading app dropped more than 11% in premarket trading after Coinbase received a Wells notice from the Securities and Exchange Commission. First Republic advanced 5.6% after losing 15.5% in Wednesday's session. Regions Financial — Shares of the regional bank edged 1.3% higher in premarket trading. Ford — Shares ticked up 1.3% in premarket trading.

☆ Stocks making the biggest moves midday: Netflix, Block, Snap, KB Home and more
▼ + stars: | 2023-03-23 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Check out the companies making the biggest moves midday:Netflix — The streaming giant's stock climbed 8.5% following a report from YipitData that said the company's gross additions in Canada have improved. Block — Shares plunged 14% after short seller Hindenburg Research announced its latest position in the stock. The firm alleges that Block facilitates fraud and described the company's internal systems as a "Wild West" approach to compliance. Meta Platforms , Snap — The social media stocks moved higher as TikTok CEO Shou Zi Chew testified before the House Energy and Commerce Committee. KB Home — Shares rallied 8.8% after the homebuilder's fiscal first-quarter earnings beat expectations.

☆ Here are Thursday's biggest analyst calls: Tesla, First Republic, Coinbase, Boeing, Pinterest & more
▼ + stars: | 2023-03-23 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Thursday's biggest calls on Wall Street: Morgan Stanley reiterates Tesla as overweight Morgan Stanley said Tesla could eventually be a solution to vehicle affordability. Truist upgrades BellRing Brands to buy from hold Truist said the time is right to buy shares of the food products company. Citi moves First Republic to an under review rating Citi moved to an under review rating on First Republic due to too much uncertainty. Piper Sandler reiterates Meta and Pinterest as top picks Piper said it's standing by shares of Meta and Pinterest. Oppenheimer downgrades Coinbase to perform from outperform Oppenheimer said it sees an "unhealthy regulatory climate" for Coinbase.

☆ Three-Stock Lunch: Coinbase, Chewy & KB Home
▼ + stars: | 2023-03-23 | 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 EmailThree-Stock Lunch: Coinbase, Chewy & KB HomeCourtney Garcia, Payne Capital Market senior wealth advisor, joins ‘Power Lunch’ to discuss her investing take on three stocks: Coinbase, Chewy & KB Home.

☆ Chewy and Petco earnings make it clear: Pet health care is their future
▼ + stars: | 2023-03-23 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +5 min

The retailers, which both released their quarterly earnings on Wednesday, began investing heavily into pet health when the pandemic-fueled pet boom saw 23 million American households welcome a new animal into their homes. The boom turned the overall pet market into a $123.6 billion dollar powerhouse in 2021, and it's expected to grow. Pet health care – and the high margins that come with it – is a crucial component to that overall market. It changed its name to Petco Health and Wellness Company in 2020. Pet adoptions surged during the pandemic, triggering a surge in demand for pet goods.

☆ GameStop surge ignores basic rule of value
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, March 22 (Reuters Breakingviews) - GameStop (GME.N) investors sent the company’s shares up 40% on Wednesday morning after fourth-quarter results showed it had swung to a net profit. That suggests the company that counts Chewy Founder Ryan Cohen as its chair has put some of its meme-fueled fundraising to use. Unfortunately, investors have forgotten that with such a surge, GameStop will have to grow into a new valuation. The chain reported net profit of $48 million compared with a loss of $148 million in the same quarter a year ago. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

The retailer had been working to steer itself back to profitability, and got there in part by cutting costs. Selling, general and administrative expenses came in at $453.4 million for the quarter, or 20.4% of sales, compared to $538.9 million, or 23.9% of sales, in the year-earlier period. GameStop did not provide financial guidance and has not done so since the early days of the pandemic. For the quarter ended Jan. 28 , net sales dropped slightly to $2.23 billion from $2.25 billion in last year's fourth quarter. "GameStop is a much healthier business today than it was at the start of 2021," he said.

☆ These are our two preferred scenarios for the Fed's big March meeting next week
▼ + stars: | 2023-03-18 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Two things will capture all the market's attention in the coming week: The Federal Reserve's March meeting and the government's ongoing attempt to quell worries about the banking system. If it raises, Powell should speak softly; no raise and Powell should strongly remind the market that the work isn't done. Still, for the week, U.S. stocks fared better, with the S & P 500 rising 1.5% and the Nasdaq gaining 4.5%. On Thursday, initial jobless claims for the week ended March 11 came in at 192,000, a decrease of 20,000 from the prior week and below the expected 205,000. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

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