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☆ Stocks making the biggest moves premarket: Fidelity, Ralph Lauren, Caterpillar and more
▼ + stars: | 2023-02-13 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

The company's stock price has soared by more than 44% so far this year. Caterpillar — Shares of the machinery company fell more than 1% after Baird downgraded Caterpillar to neutral from outperform. The call follows an upbeat earnings report on Thursday. Cadence Design Systems — Shares were up 1.7% in premarket trading ahead of the company's scheduled fourth-quarter earnings release on Monday. Cadence expects to report revenue in the range of $870 million to $890 million.

☆ Stocks making the biggest moves midday: Zillow, Microsoft, Meta, Fidelity National and more
▼ + stars: | 2023-02-13 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Microsoft — The technology corporation's shares rose more than 3% on Monday, pushing its market cap over $2 trillion once again, after Morgan Stanley reiterated its overweight rating for the stock. Ralph Lauren — Shares of the apparel giant rose almost 4% after Bank of America upgraded the stock to buy from neutral. Meta — The Facebook parent's stock rose nearly 3% after the Financial Times reported it is planning another round of layoffs. Five Below — The discount retailer's stock rose 2.9% after Roth MKM upgraded it to buy from hold, noting it sees attractive growth ahead. Late last week, Reuters reported that Tesla must open its supercharging network to competitors in order to qualify for U.S. subsidies.

☆ Top 10 things the Club is watching in the stock market Monday: Stocks look mixed, dueling Disney notes
▼ + stars: | 2023-02-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Club holding Caterpillar (CAT) downgraded to neutral (hold) at Baird; price target cut to $230 per share from $290. Disney (DIS), a Club stock, price target is lowered to $130 per share from $145 at Citi; keeps a buy rating following last week's solid earnings and restructuring announcement. Merck (MRK) price target is increased to $125 per share from $120 at Credit Suisse. 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.

☆ Here are Monday's biggest analyst calls: Apple, Roblox, Disney, Meta, Zillow, Ralph Lauren & more
▼ + stars: | 2023-02-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Monday's biggest calls on Wall Street: Bank of America reiterates Meta as buy Bank of America said the "year of efficiency" for Meta is just starting. Bank of America upgrades Ralph Lauren to buy from neutral Bank of America said shares of Ralph Lauren should outperform in this environment. Bank of America upgrades Fastly to buy from underperform Bank of America said the cloud computing company is on the "road to recovery." Bank of America reiterates Roblox as buy Bank of America said it's bullish heading into Roblox earnings on Wednesday. Bank of America reiterates Starbucks as buy Bank of America said it sees a margin recovery for Starbucks shares.

☆ Monday's rally raises the stakes ahead of inflation data release — listen to the 'Homestretch'
▼ + stars: | 2023-02-13 | by ( ) www.cnbc.com time to read: +7 min

I WOULD SAY IT DOES RAISE THESTAKES A LITTLE BIT SO TO SPEAKAHEAD OF CPI TOMORROW JUST INTERMS OF WE HAVE TO GET A GOODINFLATION NUMBER IN ORDER TOKEEP THE RALLY GOING. IF IT COMES IN A LITTLE BIT HOTOR MAYBE EVEN IF IT COMES IN ASEXPECTED, PERHAPS WE SEE SOMESELLING AND PROFIT TAKING THERE. YEAH, JUST IN TERMS OF WHAT ISWORKING TODAY, A LOT OF IT WILLBE TECH. SOME OF IT IS LED BY SOME OF OURNAMES, TOO, WHETHER IT ISMICROSOFT OR A LOT OF SEMISLEADING, NVIDIA, AMD. IT HAS LOST A LITTLE BIT OF ITSJUICE SINCE EARNINGS.

☆ Bank of America upgrades Ralph Lauren, says apparel stock will differentiate itself in a promotional environment
▼ + stars: | 2023-02-13 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Buy Ralph Lauren in a challenging retail environment, Bank of America says. Ralph Lauren shares have gained about 12% to start off 2023. Still, the analyst's $145 price target, raised from $130 previously, suggests shares can rise another 22% from Friday's closing price. The analyst approved of these changes, saying the moves will help Ralph Lauren distinguish itself from competitors. "We expect RL's brand elevation strategy will continue and that AUR and market share gains will drive consistent revenue growth," Nardone wrote.

☆ Jim Cramer's top 10 things to watch in the stock market Friday: Stocks stumble, again
▼ + stars: | 2023-02-10 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

RL (RL) gets price target increase at $135 per share from $115 at Credit Suisse. Bank of America lowers price target on Mattel (MAT) to $21 per share from $26. 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.

☆ The dip buyers are back on Wall Street — listen to the 'Homestretch'
▼ + stars: | 2023-02-10 | by ( ) www.cnbc.com time to read: +8 min

I TELL YOU SOMETHING, I'M SAYINGTHAT THE DIP BUYERS ARE BACK. MORE IMPORTANTLY, WHAT WE HAVEIS A CONSTRUCTIVE MARKET IN THATWE'RE ROTATING IN AND OUT OFAREAS THAT CAN SOLD AND COMEBACK. ETSY IS A PRETTY GOOD STOCK. A GOOD GROWTH STOCK TRADES LIKETHAT. THAT'S NOT HOW I LIKE COMPANIESTO DO THINGS, EVEN IF THERE WEREFACTORS OUTSIDE OF YOUR CONTROL,I'M NOT A FAN OF IT.

☆ Newell Brands CEO Saligram to retire; forecasts 2023 results below estimates
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +1 min

Feb 10 (Reuters) - Newell Brands Inc (NWL.O) said its top boss Ravi Saligram will retire effective May 16 and forecast annual results below analysts' estimates, sending the Sharpie maker's shares down 11% in premarket trading. Newell's fourth-quarter results beat estimates, but the company projected fiscal 2023 net sales between $8.4 billion and $8.6 billion. Analysts had expected full-year net sales of $9.08 billion, according to Refinitiv IBES data. The company forecast an annual profit per share of 95 cents to $1.08, compared with estimates of $1.42. Newell also expects a first-quarter loss between 3 cents per share and 6 cents per share, compared with estimates of a profit of 23 cents.

☆ Wall St dips as Treasury yields rise; Disney hits 5-month high
▼ + stars: | 2023-02-09 | by ( Carolina Mandl | ) www.reuters.com time to read: +4 min

The U.S. 30-year Treasury yield rose after an auction in the early afternoon, while the yield curve between two-year and 10-year notes widened earlier. Weighing on the S&P 500 (.SPX) and Nasdaq (.IXIC) indexes, Alphabet Inc (GOOGL.O) extended losses from the previous session to fall 5.2179%. The S&P 500 communication services sector (.SPLRCL) sank 2.86%. More than half of the S&P 500 companies have reported quarterly earnings so far, and 69% of them have beaten estimates, according to Refinitiv data. The S&P 500 posted 15 new 52-week highs and one new low; the Nasdaq Composite recorded 69 new highs and 41 new lows.

The data tentatively eased concerns about the Federal Reserve's rate-hike path after a strong January employment report rattled markets last week. Weighing on the S&P 500 (.SPX) and Nasdaq (.IXIC) indexes, Alphabet Inc (GOOGL.O) extended losses from the previous session to fall 5.6%. The S&P 500 communication services sector (.SPLRCL) sank 2.6%, while Alphabet shares eyed their worst weekly performance since November. Ralph Lauren Corp (RL.N) gained 1.2% after beating quarterly sales expectations, while peer Tapestry Inc (TPR.N) soared 5.4% on a strong annual profit forecast. More than half of the S&P 500 companies have reported quarterly earnings so far, and 69% of them have beaten estimates, according to Refinitiv data.

Younger shoppers snapping up its sweatshirts, knitwear and Polo line of products also drove results beat at luxury peer Ralph Lauren Corp (RL.N). "The Coach brand has done a lot of work to reposition itself as a premium brand that appeals to a younger consumer," Raymond James analyst Rick Patel said. "Tapestry appears to be executing better for its Coach brand than Capri is for Michael Kors," Patel added. Net revenue at Ralph Lauren rose 1% to $1.83 billion in the third quarter ended Dec. 31, beating estimates of $1.76 billion. Both Tapestry and Ralph Lauren took a hit in China due to a resurgence of COVID-19 infections, but demand is returning, the companies said.

Futures got a lift after data showed initial claims for state unemployment benefits rose 13,000 to a seasonally adjusted 196,000 for the week ended Feb. 4. The data comes on the heels of a strong January employment report that rattled markets last week. "There are so many companies that are laying off people and that eventually is going to weaken the job market. ET, Dow e-minis were up 213 points, or 0.63%, S&P 500 e-minis were up 33 points, or 0.8%, and Nasdaq 100 e-minis were up 160.5 points, or 1.28%. Ralph Lauren Corp (RL.N) gained 2.4% after beating quarterly revenue expectations on resilient demand for its high-end clothing and accessories.

☆ Tapestry lifts profit outlook as younger shoppers snap up Coach handbags
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +2 min

[1/2] A handbag is seen in a Kate Spade store, owned by Tapestry, Inc., in Manhattan, New York, U.S., November 19, 2021. Luxury peer Ralph Lauren Corp (RL.N) also beat expectations on strong demand from younger affluent shoppers. Meanwhile, Ralph Lauren said its brands gained market share in North America, even as its wholesale revenue decreased 2%. Net revenue at Ralph Lauren rose 1% to $1.83 billion in the third quarter ended Dec. 31, while analysts had expected $1.76 billion, according to Refinitiv IBES data. Tapestry forecast fiscal 2023 earnings of $3.70 to $3.75 per share, compared with its prior estimate of $3.60 to $3.70.

☆ Futures rise on earnings optimism, Disney climbs on revamp plan
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +3 min

Casino stocks Wynn Resorts (WYNN.O) and MGM Resorts International (MGM.N) gained about 5% each after reporting fourth-quarter results, with Wynn indicating a meaningful return of visitation and demand in Macau during the recent Chinese New Year holiday period. PepsiCo Inc (PEP.O) rose 1.4% as the soda maker reported better-than-expected results for its fourth quarter. Of more than half of the S&P 500 companies that have reported fourth-quarter results so far, 69% have topped analysts' earnings estimates, as per Refinitiv IBES data. ET, Dow e-minis were up 254 points, or 0.75%, S&P 500 e-minis were up 37.25 points, or 0.9%, and Nasdaq 100 e-minis were up 162.5 points, or 1.3%. Reporting by Sruthi Shankar, Medha Singh and Johann M Cherian in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

☆ Jim Cramer's top 10 things to watch in the stock market Thursday: Disney delivers, market rally back, another activist in Salesforce
▼ + stars: | 2023-02-09 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

The outlook for Club holding Wynn Resorts (WYNN) hasn't been this good since the Covid pandemic started. I've been saying more needs to be done to right the ship at this Club holding. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Investor sentiment was further boosted after data showed initial claims for state unemployment benefits rose 13,000 to a seasonally adjusted 196,000 last week, above a forecast of 190,000 claims. The data comes on the heels of a strong January employment report that rattled markets last week. Of more than half of the S&P 500 companies that have reported fourth-quarter earnings so far, 69% have topped estimates, as per Refinitiv data. Advancing issues outnumbered decliners by a 3.03-to-1 ratio on the NYSE and by a 2.17-to-1 ratio on the Nasdaq. The S&P index recorded 14 new 52-week highs and one new low, while the Nasdaq recorded 49 new highs and 20 new lows.

☆ Morning Bid: Corporate scatter
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +5 min

A look at the day ahead in U.S. and global markets from Mike Dolan. A hail of mega corporate updates distracted stock markets from a confusing macro picture - but offers little more clarity with scattergun fortunes and ambiguous readouts for the wider economy. The flub fed worries that the Google parent is losing ground to rival Microsoft (MSFT.O) in the renewed craze around artificial intelligence. European shares touched a fresh nine-month high on Thursday as Germany's Siemens and UK's AstraZeneca boosted earnings euphoria, while Britain's bank, commodity and pharma heavy FTSE100 hit another record high. Norway's $1.35 trillion sovereign wealth fund said it had recently divested virtually all its remaining shares in the Adani group.

☆ Did investors learn nothing from last year’s market meltdown?
▼ + stars: | 2023-02-05 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +6 min

Shares of movie theater chain AMC (AMC) have soared nearly 65% so far in 2023, and AMC (AMC)’s companion preferred stock (which trades under the ticker APE as a nod to the nickname AMC (AMC) fans have given themselves on social media) has more than doubled. So did investors learn nothing from last year’s market meltdown? I don’t agree with this market rally in meme stocks,” said Erik Ristuben, chief investment strategist with Russell Investments. Another strategist agrees this recent rally for meme stocks and other speculative bets may not end well. If they’re upbeat about spending, that could keep the rally in consumer stocks going.

☆ Earnings and Fed Chair Powell will again drive markets in the week ahead
▼ + stars: | 2023-02-03 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

With few economic releases and the earnings season starting to wind down, an appearance by Federal Reserve Chairman Jerome Powell Tuesday could be among the newsiest events for markets in the week ahead. The Fed chair is speaking at the Economic Club of Washington D.C. at midday Tuesday. If he wanted to walk back anything, he could have done it then," said Art Hogan, chief market strategist at B. Riley. Economists said Friday's surprisingly strong jobs report should encourage the Fed to push forward with planned rate hikes. Earnings, earnings, earnings But there continues to be earnings news.

The sportswear staple known for its crisp collar and clean cut, has been revamped in ways that boggle the mind and energize the wardrobe. Witness the bounty of surreal white shirts in the resort 2023 collection from New York brand the Row, including the version shown at left, which would be standard if not for its detachable, puffy white shawl. “That was my Catholic school uniform!” said Megan Bugey, 46, an Austin, Texas, paralegal, of the shirt’s standard form. “But now, it’s trippy.”This season has seen an abundance of white collared shirts—and they’re anything but uniform. “I love the utility [button-up shirts] have in my wardrobe,” said New York stylist Pamela Shepard, 39, who owns “countless” iterations, including oversize and dip-dyed riffs from Ralph Lauren and J.Crew.

☆ Stocks making the biggest moves premarket: Intel, Chevron, American Express, Silvergate and more
▼ + stars: | 2023-01-27 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Advanced Micro Devices — Chip stocks such as Advanced Micro Devices fell as a group following Intel's results. Shares of Advanced Micro Devices fell nearly 2.4%, while shares of Nvidia and Micro dipped about 1.5% each. Chevron — Shares dipped more than 1% after Chevron reported its latest earnings results. American Express — Shares of the credit card company rose 5% despite weaker-than-expected results for the fourth quarter. American Express reported $2.07 in earnings per share on $14.18 billion of revenue.

☆ Here are Friday's biggest analyst calls: Intel, Apple, Amazon, McDonald's, Tesla, Sunrun, Meta & more
▼ + stars: | 2023-01-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Citi reiterates Apple as buy Citi says it's sticking with its buy rating heading into earnings next week. We maintain our Buy rating." Citi reiterates Intel as neutral Citi says it's standing by its neutral rating on the stock, but that Intel's earnings report on Thursday was "bad news." Wells Fargo reiterates Amazon as overweight Wells says it's standing by its buy rating heading into Amazon earnings on February 2. Argus reiterates Tesla as buy Argus says it's sticking with its buy rating after the company's earnings report earlier this week.

☆ BMO downgrades Ralph Lauren shares after 50% rally, citing 'domestic pressures'
▼ + stars: | 2023-01-27 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Ralph Lauren 's 50% rally in the past four months has gone too far, too fast, according to BMO Capital Markets, which downgraded the stock Friday to underperform. Siegel suspects the decline of North American margins may be due to increased marketing spending, supply chain pressures, and consumer questions regarding the average selling price of items. BMO questions whether the current level of Ralph Lauren shares—which are close to pandemic peaks—can be sustained, given the changes in consumer spending during 2021. Shares for Ralph Lauren fell 3.23% in Friday premarket trading following the call. Ralph Lauren reports results on February 9.

☆ Companies Rush to Trace Sprawling Supply Chains as Sustainability Rules Loom
▼ + stars: | 2023-01-24 | by ( Dieter Holger | ) www.wsj.com time to read: +5 min

The rules come as businesses, especially small and midsize companies, have a limited view of their supply chains and are struggling to broaden their oversight, sustainability analysts say. Imagine that in the landscape of supply chain,” said Tim Constable, partner at law firm Dentons advising companies on supply chains. There are a host of other regulatory developments threatening to affect companies’ supply chains. Photo: Chris Ratcliffe/Bloomberg NewsUnilever has a sprawling global supply chain, with around 54,000 suppliers in 150 countries. It doesn’t matter how sophisticated the program is.”Internet-of-things startups can go beyond aggregating data and instead track actual items.

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