DIRS.INFO The most relevant business & tech news

☆ What Cramer is watching Tuesday — Nasdaq tough year, seasonal oil strength, P&G looking good
▼ + stars: | 2022-11-22 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Citi lowers DVN price target by $2 pe share to $78; keeps buy rating. Piper Sandler cuts Club holding Amazon (AMZN) price target to $119 per share from $125. Honeywell (HON), also a Club stock, is an underappreciated tech franchise, JPMorgan says. Zoom Video (ZM) catches multiple price target cuts on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Cramer’s week ahead: Markets will do ‘much better’ during the next four weeks
▼ + stars: | 2022-11-18 | by ( Krystal Hur | ) www.cnbc.com time to read: +4 min

SmuckerQ2 2023 earnings release at 7 a.m. ETProjected EPS: $2.18Projected revenue: $2.17 billionCramer said that he expects the company to start the week off with a bang. Jacobs SolutionsQ4 2022 earnings release between 6:15 and 6:45 a.m. Tuesday: Best Buy, American Eagle, Burlington, Dollar Tree, Dick's Sporting GoodsBest BuyQ3 2023 earnings release at 7 am. Wednesday: DeereQ4 2022 earnings release between 6:15 and 6:45 a.m.

☆ Markets are watching for more clues on Fed hikes and the economy in the week ahead
▼ + stars: | 2022-11-18 | by ( Patti Domm | In | ) www.cnbc.com time to read: +7 min

Investors may be a bit more cautious in the week ahead, with stocks seeking direction in quiet trading and the bond market's warnings about recession getting louder. "That's going to cause its own pressure on markets because markets never look through a profit recession." In the past week, Fed officials maintained their tough tone and some even sounded more hawkish. A rallying stock market is a sign of looser financial conditions. "The stock market is complicating the Fed's objective," said Lyngen.

☆ Gyms and at-home fitness battle for prominence this holiday season
▼ + stars: | 2022-11-11 | by ( Jack Stebbins | ) www.cnbc.com time to read: +4 min

Michael Loccisano | Getty ImagesThe fitness industry appears headed for a strong holiday season, but not everyone will see a boost. Now inflationary pressures and a post-lockdown reset look poised to benefit traditional gyms and trade-down options — threatening connected at-home fitness equipment like the products made by Peloton and Lululemon -owned Mirror. Tarlowe, who covers Planet Fitness and Lululemon, said fitness spending remains steady, even among lower-income, inflation-squeezed consumers. People are trading down and shifting more toward value, he said, "and that bodes well for Planet Fitness." Planet Fitness CEO Chris Rondeau said members are exercising more, too: six times a month versus five times a month when Planet Fitness went public in 2015.

☆ Peloton shares tumble after company offers weak holiday quarter outlook
▼ + stars: | 2022-11-03 | by ( Jack Stebbins | ) www.cnbc.com time to read: +4 min

Peloton posted a wider-than-expected loss for its fiscal first quarter, as a steep decline in connected fitness products revenue outweighed an increase in subscription revenue. Loss per share: $1.20 vs. 64 cents, expected$1.20 vs. 64 cents, expected Revenue: $616.5 million vs. $650.1 million, expected. Peloton's revenue outlook for the holiday quarter, between $700 million and $725 million, would mark a quarter-to-quarter increase, but it's well below analysts' estimates of $874 million. Peloton reported 6.7 million total members, up from 6.3 million last year, but down from 6.9 million the prior quarter. The company reported $199 million in first quarter recall reserves, restructuring and impairment expenses as it continues embarking on its turnaround.

☆ DoorDash Analysts Optimistic on the Firm's Grocery and Retail Growth
▼ + stars: | 2022-11-02 | by ( Nancy Luna | ) www.businessinsider.com time to read: +5 min

Expanding selection has made DoorDash resilient as restaurant-delivery growth declines and recession worries grip consumers, analysts say. "DoorDash's greater selection, convenience, and value are proving resilient," Andrew Boone, a JMP Securities analyst, said in a note earlier this year. Last month, DoorDash surpassed 75,000 retail stores on its platform, up from 40,000 a year ago. DoorDash opened the first DashMart in 2020, and the convenience stores have grown to 25 locations in cities in the US and Canada. "DoorDash is going to strangle Instacart using their own system," the grocery and supply-chain consultant Brittain Ladd told Insider.

☆ DoorDash is making 7 keys moves to dominate retail and grocery delivery after conquering restaurants — and creating new rivals in Instacart and Gopuff
▼ + stars: | 2022-10-27 | by ( Nancy Luna | ) www.businessinsider.com time to read: +12 min

In August 2020, DoorDash launched retail delivery with chains like 7-Eleven and Walgreens. Lately, DoorDash has its sights set on a new prize — dominance in retail and grocery delivery. DoorDash has leaned heavily into grocery, convenience-store, and retail delivery since launching these expanded services in 2020. "We have more retail stores, grocery included, than any other platform in North America today." DoorDashDoubleDashA year after launching grocery delivery, DoorDash introduced DoubleDash.

☆ Oppenheimer upgrades Dick's Sporting Goods, says stock is underappreciated and poised to rally
▼ + stars: | 2022-10-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Oppenheimer says investors are underappreciating shares of Dick's Sporting Goods , a retailer poised to profit from consumer demand shifts in a post-pandemic world. Analyst Brian Nagel upgraded shares of the retail stock to outperform, highlighting in a note to clients Thursday that shares trade at only 12 to 14 times the firm's expected recession case earnings for the retailer. "In our view, a now better-positioned and more strategically merchandised Dick's Sporting Goods is likely to continue to capitalize well upon positive, post-pandemic shifts in consumer demand and stepped-up competitive fallout within sporting goods retail," Nagel said. The firm placed a $138 price target on the stock, reflecting the possibility of shares gaining 26% from Wednesday's close. Despite this backdrop, shares of Dick's Sporting Goods have outperformed the broader S & P 500 and the retail sector.

☆ Caraway to sell cookware in Target stores in its biggest brick-and-mortar push yet
▼ + stars: | 2022-10-18 | by ( Melissa Repko | ) www.cnbc.com time to read: +4 min

Some of Caraway's pots and pans are now sold by Target stores. Online cookware company Caraway is making its biggest push yet into brick-and-mortar stores, with its pots and pans debuting in 350 Target stores this week. Target will become the largest retailer to sell the brand in stores. Select Caraway products also are sold in 80 Crate & Barrel stores, 80 Bed Bath & Beyond stores and 20 Nordstrom outlets. Over time, he said he expects Caraway to get about half of sales from other retailers' websites or stores.

☆ The best stocks to play Gen Z and Millennial trends like TikTok and Instagram, according to Cowen
▼ + stars: | 2022-10-13 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Of those assets, 37.8% will be going to millennials and 15.8% to Gen Z or younger, the firm said. In the report, Cowen analysts highlighted their top ideas for durable free cash flow and earnings-per-share growth supported by positioning within the secular themes they found among Gen Z and millennial preferences and habits. What millennials and Gen Z buy — and how they do it — is increasingly influenced by social media platforms, like TikTok and Instagram, according to Cowen. Buying directly from brands Gen Z and millennials also like to shop directly from brands. "Lululemon's broadened merchandise offerings, paired with its community-based approach, are expanding its use case among consumers," Kernan noted.

☆ Holiday bargains will dent retail profits. How investors can avoid taking a beating
▼ + stars: | 2022-10-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +11 min

Stifel's research found that consumers plan to spend 9% more this holiday season over 2021. Roughly three-quarters of respondents to a PwC holiday poll indicated they plan to spend the same or more this holiday season. Rather than marking down inventory, companies should hold on to it for the next year if their balance sheets can withstand it, said Siegel. Across the board, many flagship retail stores heavily focused on apparel and footwear like Kohl's and Macy's may struggle to lure customers intent on saving money on discretionary purchases. He points to names heavily focused on electronics and home goods purchased by consumers during the pandemic as one of the weaker areas this holiday season.

☆ Peloton to sell bikes, treadmills at Dick's Sporting Goods stores
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +1 min

A Dick's Sporting Goods store is closed due to the outbreak of coronavirus disease (COVID-19) in Washington, DC, U.S. April 10, 2020. REUTERS/Joshua RobertsSept 29 (Reuters) - Peloton Interactive Inc (PTON.O) said on Thursday it will start selling its bikes, treadmills and other products in Dick's Sporting Goods Inc (DKS.N) stores, as the exercise bike maker looks to expand its customer base to lift sagging sales. Following the partnership, Peloton's products will be available in more than 100 Dick's Sporting Goods stores and also on its e-commerce platform, according to the statement. Last month, Peloton struck a partnership with Amazon.com Inc to sell some of its fitness equipment on the online retailer's U.S. platform. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Aishwarya Nair in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

☆ Peloton will sell Bikes, Treads at Dick's Sporting Goods in its first brick-and-mortar partnership
▼ + stars: | 2022-09-29 | by ( Jack Stebbins | ) www.cnbc.com time to read: +2 min

Peloton will begin selling its bikes, treadmills and other products in Dick's Sporting Goods stores, marking the struggling fitness equipment maker's latest push to expand its customer base. The collaboration will make Dick's the first brick-and-mortar retailer outside of its namesake stores to carry Peloton equipment. The companies do not yet have a launch date, but said they are aiming to have Peloton products in more than 100 Dick's stores in time for the holiday shopping season. Dick's shoppers also will be able to order Peloton products online in stores for either delivery or pickup. Peloton and Dick's won't vary in its product pricing, although Dick's will not carry the recently announced $3,195 Peloton rowing machine, which is currently only available for preorder.

☆ Retailers like Walmart and Macy's are dramatically slowing seasonal hiring, a sign that inflation could hammer the holiday shopping season
▼ + stars: | 2022-09-27 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +3 min

Retailers like Walmart and Macy's are reducing the number of seasonal jobs compared with 2021. Perhaps the truest indicator of holiday hiring will be Amazon, which last year opened up 150,000 seasonal jobs. Amazon highlighted a similar over-staffing problem following the holidays, an issue that could set the tone for this year's holiday hiring season. Months of sky-high inflation have taken their toll on consumer spending, leading some retailers to prepare for a lackluster holiday shopping season. Those shifts are expected to bleed into the typically busy holiday shopping season.

☆ Retailers Stuck With Too Much Inventory Face Risky Decisions
▼ + stars: | 2022-06-03 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +8 min

In the past two weeks, retailers have shown that the anticipated, but hard to time, cooling in consumer demand for goods has arrived. And many retailers reported holding more inventory than they'd like — and the goods they have might not be the ones they need now. Several retailers mentioned late deliveries of spring merchandise, which compounded their inventory glut when mixed with the cooling demand. Quite literally, it means to pack inventory away to sell when its season comes back around. On top of the risk that the product may not be attractive in the future, holding inventory means paying for storage.

☆ Jack Dorsey's Cash App wants to become a super app — and is aggressively integrating buy now, pay later service Afterpay into its ecosystem to get there
▼ + stars: | 2022-05-18 | by ( Ann Gehan | ) www.businessinsider.com time to read: +6 min

"Afterpay can help transform Cash App into a super app," Molnar said. Block estimates only around 6% of current Cash App users are also Afterpay users, meaning over 75 million Cash App users are potential new Afterpay customers. Other significant developments include the addition of an Afterpay shopping and browsing feature to Cash App and the integration of Afterpay account management capabilities into Cash App. The Cash App and Afterpay integrations will extend to e-commerce checkout, where Afterpay sellers will now be able to accept Cash App Pay as a form of payment. A slide from Block's 2022 investor day presentation lays out a plan for integrating Cash App, Afterpay, and Square.

Persons: Cash, Brian Grassadonia, Cash App's, Afterpay cofounders, Nick Molnar, Anthony Eisen, Alyssa Henry, Jack Dorsey, Molnar, Afterpay, Block's, Grassadonia, there's, Eisen, Block, PYMNTS, Omar Ismail, Goldman Sachs, David Stark Organizations: Block, Business, Cash, Dick's Sporting Goods, PayPal, Klarna, Walmart

Search resuls for: "Dick's Sporting"

16 mentions found