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☆ 10 money managers who quietly control the vast fortunes of Jeff Bezos, Sergey Brin, the Waltons, and other big-name billionaires
▼ + stars: | 2022-12-27 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +24 min

Many über-rich people don't outsource their wealth — they hire their own chief investment officers. He left SAC in 2005 for Dune Capital Management, but stayed in touch with Steve during his five-year term at the investment firm. Andrew oversees CPV's portfolio, which primarily comprises direct private investments such as Collectors Universe, a collectibles-authentication company, and the New York Mets. In 2011, Wildcat Capital Management was launched with Potter as president and chief investment officer. Since November 2021, Carland has also served as the interim chief investment officer for Builders Vision's asset arm.

☆ Jim Cramer likes these 7 consumer discretionary stocks for 2023
▼ + stars: | 2022-12-23 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Friday offered investors a list of seven stocks he believes could be great additions to investors' portfolios. The consumer discretionary sector is down about 37% for the year. But "while most consumer discretionary stocks have been horrendous this year, we've had some pools of strength, too, and many of them can work in 2023," according to Cramer. Here are his picks:Genuine Parts , O'Reilly Automotive and AutoZoneCramer highlighted these three auto parts stocks as potential buys, stating that AutoZone is his favorite. He added that because TJX operates discount retailers, its stock is a winner during times of recession, when consumers tend to trade down.

☆ Target hopes value-hungry shoppers will come to the rescue this holiday season
▼ + stars: | 2022-12-20 | by ( Melissa Repko | ) www.cnbc.com time to read: +5 min

Melissa Repko | CNBCTarget has more than 1,700 toys that are exclusive to its stores and website this holiday season. Target is also trying to cut through the noise of a more promotional holiday season. And, as shoppers juggle holiday parties and hit stores again, Target wants shoppers' store visits to be convenient and fun, said Cara Sylvester, chief guest experience officer. She said the goal is to be a "holiday happy place" where shoppers want to stay awhile and fill up their carts. Baker said investors hope to see signs Target's sales are picking up as the holiday rush gains steam.

☆ Watch CNBC's full interview with retail analyst Dana Telsey on holiday shopping season's winners
▼ + stars: | 2022-12-19 | 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 EmailWatch CNBC's full interview with retail analyst Dana Telsey on holiday shopping season's winnersDana Telsey, Telsey Advisory Group CEO, joins CNBC's 'Squawk Box' to discuss her top retail picks, including Lululemon, Costco, Ulta Beauty, and more.

☆ Retail analyst Dana Telsey breaks down top retail picks amid holiday shopping season
▼ + stars: | 2022-12-19 | 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 EmailRetail analyst Dana Telsey breaks down top retail picks amid holiday shopping seasonDana Telsey, Telsey Advisory Group CEO, joins CNBC's 'Squawk Box' to discuss her top retail picks, including Lululemon, Costco, Ulta Beauty, and more.

☆ Third Point could see big returns from small changes at Bath & Body Works
▼ + stars: | 2022-12-17 | by ( Kenneth Squire | ) www.cnbc.com time to read: +6 min

Business: Bath & Body Works is a specialty retailer of home fragrance, body care, soaps and sanitizer products. In August 2021, Bath & Body Works (formerly known as L Brands) completed the separation of its Victoria's Secret business. Loeb is one of the true pioneers in the field of shareholder activism and definitely one of a handful of activists who shaped what has become modern day shareholder activism. He invented the poison pen letter in a time when a poison pen was often necessary, and as times have changed, he has transitioned from the poison pen to the power of the argument. Third Point expressed its concern with Bath & Body Works' executive compensation structure , noting that excessive awards have been made that are disconnected to important performance metrics.

☆ Securities trader charged in New York with front-running employer's trades
▼ + stars: | 2022-12-14 | by ( ) www.reuters.com time to read: +1 min

Dec 14 (Reuters) - An equities trader at a large U.S. asset manager was criminally charged with using information about his employer's trades to make tens of millions of dollars in an insider trading scheme, federal prosecutors in New York said Wednesday. Equities trader Lawrence Billimek, 51, of Hailey, Idaho, was arrested in Texas and day trader Alan Williams, 77, of West Linn, Oregon, was arrested in his home state, prosecutors said. Prosecutors allege they made tens of millions of dollars on more than a thousand trades ahead of large stock transactions by Billimek's employer. Both were charged with conspiracy, securities fraud and wire fraud in an indictment unsealed in Manhattan. Reporting by Jody Godoy in New York; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ 'Global contenders': BofA names stocks with earnings momentum that look cheap
▼ + stars: | 2022-12-13 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Looking ahead, however, BofA expects "defender" stocks with falling earnings momentum to underperform the MSCI AC World Index. Stocks that are 'global contenders' Against this backdrop, BofA identified stocks that are "inexpensive" but have strong earnings momentum and price momentum. "Our back-testing and subsequent performance show that stocks with above-average earnings momentum tended to outperform, stocks with above-average price momentum tended to outperform, but stocks with both the characteristics tended to perform even better," it wrote. These stocks have outperformed the MSCI AC World Index by 6.9% year-to-date, the bank said. The bank's "global contenders" screen contains 30 stocks including: U.S.: Gaming company Electronic Arts , energy tech firm Enphase Energy , health care company Jazz Pharma , and beauty firm Ulta Beauty .

☆ New Tax on Buybacks Is Weeks Away, but Finance Chiefs Aren’t Too Worried
▼ + stars: | 2022-12-09 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: +6 min

A new corporate tax on stock buybacks hasn’t worried finance chiefs enough for them to rethink their strategy. For Bolingbrook, Ill.-based Ulta Beauty Inc., a maker of beauty products, the impact of the tax will be minimal, finance chief Scott Settersten said. The company’s board in March authorized a new buyback program that enables Ulta Beauty to repurchase up to $2 billion in shares. It is set to be levied on net buybacks, meaning total shares repurchased minus new shares issued during the year. SHARE YOUR THOUGHTS How will the new tax on stock buybacks affect company repurchase plans in the years ahead?

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It’s a seemingly simple calculation, but supply-chain experts caution that shipping from stores can be more challenging than filling orders at fulfillment centers that are set up for the job. It now packages orders at 116 of its approximately 1,350 stores, said Amiee Bayer-Thomas, the company’s chief supply chain officer. The chain said it has converted areas in 35 stores to serve as semi-automated miniature distribution centers. That is one reason department store Nordstrom is pulling back on shipping orders from stores for its discount brand Nordstrom Rack. The company will continue using Nordstrom stores to fulfill online orders for that brand.

☆ UBS says high quality outperforms in recessions — 10 such stocks on sale
▼ + stars: | 2022-12-08 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Look to cheap high-quality stocks to manage recession risk in the new year, according to UBS. UBS highlighted several stocks in the S & P 1500 with market caps of more than $6 billion. Here are 10 of the stocks: One of the highest-quality stocks on the list is cosmetics retailer Ulta Beauty , in the 99.1 percentile. Like Ulta, Walmart also raised its guidance when it reported earnings last month . Construction supplier Fastenal is another high ranker for quality, in the 95th percentile.

☆ Jim Cramer's top 10 things to watch in the market Monday: Stocks, China, Apple
▼ + stars: | 2022-12-05 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

There's less than 2% upside at the high end of his year-end S & P 500 price target of 4,000 to 4,150. Citi cuts price target on Club holding Salesforce (CRM) to $164 per share from $170 but keeps neutral rating. Deutsche Bank downgrades Starbucks (SBUX) to hold from buy but increases price target to $106 per share from $100. Ulta Beauty (ULTA) price target raised to $548 per share to $511 at Barclays, which also keeps its overweight rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Jim Cramer's top 10 things to watch in the market Friday: Hot jobs, chip trouble, FedEx looks OK
▼ + stars: | 2022-12-02 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Marvell Technology (MRVL) gets multiple price target cuts. Here's a switch: Citi is RAISING its price target on FedEx (FDX) to $190 per share from $165. So price target cuts on Wall Street and the stock down more than 11% in the premarket. The work management platform issues disappointing operating income and lots of analyst price target cuts. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Morning Bid: Powell clears the decks
▼ + stars: | 2022-12-01 | by ( ) www.reuters.com time to read: +4 min

LONDON, Dec 1 (Reuters) - A look at the day ahead in U.S. and global markets from Mike Dolan. Intended or not, investors clearly read Wednesday's keynote speech by the Federal Reserve chair as a green light for a yearend relief rally in beaten down assets. On the face of it, Fed chief Jerome Powell merely confirmed what most had already assumed - that the Fed would downshift the size of its interest rate rises to half a point next month. The upshot is that markets have dragged their implied peak Fed rate next year back below 5% and continue to price up to half a point of cuts by the end of 2023. Core PCE inflation numbers are due later and another barrage of Fed speakers to hold Powell's take up to the light.

☆ Ulta Beauty boosts outlook, as shoppers keep splurging on makeup
▼ + stars: | 2022-12-01 | by ( Melissa Repko | ) www.cnbc.com time to read: +4 min

Shoppers line up outside of Ulta Beauty before the 6am opening on Black Friday. Ulta Beauty on Thursday boosted its outlook and surpassed Wall Street's expectations for quarterly earnings and sales, as shoppers kept replenishing their makeup bags even while paying more at the grocery store. CEO Dave Kimbell said as shoppers weigh their purchasing decisions amid rising prices, they are still choosing to spend on beauty. Kohl's , which pulled its full-year forecast, also said beauty is driving sales. Ulta said it now anticipates full-year earnings of between $22.60 and $22.90 per share and full-year revenue of between $9.95 billion and $10 billion.

☆ Stock futures tick higher after Wednesday's rally
▼ + stars: | 2022-11-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Stock futures ticked higher in overnight trading Wednesday. Futures tied to the Dow Jones Industrial Average added 12 points, or 0.03%, while those tied to the S&P 500 and Nasdaq 100 gained 0.25% and 0.27%, respectively. Salesforce's stock shed 6% in extended trading on news that co-CEO Bret Taylor is stepping down. The Nasdaq rose 4.37% — its second positive month in a row for the first time since a three-month streak ending December 2021. Both the S&P and Dow rose 5.38% and 5.67%, respectively, to finish their second month of gains for the first time since August 2021.

☆ Foot Locker Searches For a New Finance Chief
▼ + stars: | 2022-11-29 | by ( Kristin Broughton | ) www.wsj.com time to read: +3 min

Foot Locker Inc. is searching for a new finance chief to succeed Andrew Page, who is stepping down from the shoe-store chain as part of a reshuffling of its senior ranks. He was previously chief accounting officer and controller at Advance Auto Parts Inc., a Raleigh, N.C.-based auto parts retailer. He will step down as chief financial officer of Foot Locker early next year. Photo: The Wall Street Journal Foot Locker is working with an executive recruiting firm to identify a successor, the company said. Also, Foot Locker promoted Rosalind Reeves, its vice president of talent, diversity and organization capability, to chief human resources officer, effective Dec. 1.

☆ How Ulta Beauty won Black Friday despite its site crashing on the critical shopping holiday
▼ + stars: | 2022-11-29 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Beauty retailer Ulta saw its foot traffic from shoppers increase on Black Friday over last year. Foot traffic at Ulta Beauty was up 16.5% over Black Friday 2021, according to data provider Placer.ai. By contrast, most retailers saw their foot traffic remain the same or decrease slightly over last year's Black Friday, according to Placer.ai. At TJ Maxx, one of the largest off-price retailers, traffic was even with Black Friday 2021. For instance, Ulta, Sephora, and other beauty retailers have become destinations for new skincare products.

☆ Here's what Black Friday sales tell us about the retail sector — and our top pick
▼ + stars: | 2022-11-28 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

The holiday shopping season got off to a solid start over the weekend, as Black Friday's online sales beat expectations and started to build some much-needed momentum for the retail sector. According to Adobe's online sales tracker, consumers shelled out a record $9.12 billion shopping online on Black Friday. In another early look report, traffic on Black Friday at brick-and-mortar retail stores rose about 3% over 2021, according to retail tracker Sensormatic, which attributed the rise to increased promotional activity and "favorable in-store experiences." The analysts point out that this year's holiday shopping calendar is one day longer than in 2021. Bottom line With holiday shopping underway, we continue to like off-price retailers in these trying times.

☆ Cramer’s week ahead: Strong labor report could lead Fed to more aggressive rate hikes
▼ + stars: | 2022-11-28 | by ( Krystal Hur | ) www.cnbc.com time to read: +4 min

ETProjected EPS: 84 centsProjected revenue: $1.59 billionCramer predicted it'll be difficult for the company to top its last "spectacular" quarter. Wednesday: Hormel Foods, Petco, Salesforce, OktaHormel FoodsQ4 2022 earnings release at 6:30 a.m. ETProjected EPS: 50 centsProjected revenue: $3.38 billionHormel might follow other food stocks that have stopped going down, Cramer said. ETProjected EPS: 16 centsProjected revenue: $1.49 billionHe said he's worried the company will report disappointing results. Thursday: Dollar General, Kroger, Ulta Beauty, Marvell TechnologyDollar GeneralQ3 2022 earnings release at 6:55 a.m.

☆ Black Friday was better than feared for retail stocks — Two potential big winners
▼ + stars: | 2022-11-28 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Black Friday was better than expected for retailers this year, with discount names Walmart and Costco poised to be among the season's winners, according to Bank of America. The big-box retailer made significant price investments to offer deeper discounts and traffic appeared very strong in stores, Ohmes noted. "Specialty retailers appeared to be relative winners while we observed decent trends across the discounters and department stores," said analyst Krisztina Katai. Morgan Stanley also called out strong traffic results for Lululemon and American Eagle, as well as Abercrombie & Fitch and Victoria's Secret. "These strong traffic results were achieved despite 1) similar or lower y/y discounting levels, & /or 2) discounting activity below total sector averages.

☆ Stocks finish higher as the Street awaits key inflation data next week
▼ + stars: | 2022-11-25 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

Stocks finished higher on this holiday-shortened trading week, with all the major U.S. averages posting gains. Under the hood, all sectors closed higher for the week, led by utilities, materials and financials. 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. The U.S. Federal Reserve, alongside global central banks, has been trying to get a handle on soaring inflation.

☆ These 3 stocks offer investors value in a retail environment filled with ‘crosscurrents,’ Cowen says
▼ + stars: | 2022-11-25 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Retail sales data and corporate earnings have offered investors a mixed picture, but the landscape has some bright spots for investors, according to Cowen. "There are many crosscurrents with the consumer," Oliver Chen, senior equity research analyst at Cowen covering retail and luxury goods, said on CNBC's " Squawk on the Street " Friday. "All three offer very strong value to the consumer," Chen said. Ulta's a beauty retailer – all things beauty all in one place, that's a very good category. Chen said his team also likes recommending retail stocks that have inflation resistance, like luxury brands, as well as stocks like Costco, "which offer exceptional value."

☆ The November jobs report and the Fed matter most to markets in the week ahead
▼ + stars: | 2022-11-25 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

November's jobs report is the big event for markets in the week ahead, and it could provide important insight into the path of Federal Reserve interest rate hikes. The labor market has cooled only slightly, as other parts of the economy have slowed. But the labor market has been more resilient than expected, challenging the Fed's efforts to tame inflation by slowing economic activity. Besides the jobs report, there is the Job Openings and Labor Turnover Survey (JOLTS) report Wednesday, as well as the Fed's beige book on economic activity. "Holding above 4,000, as we await the jobs report and those other economic reports would be constructive for one more move before Christmas," he said.

Others, like Target (TGT.N) and Barnes & Noble, sealed merchandise behind plexiglass or tethered it with steel cables to store shelves. One survey by the National Retail Federation (NRF) cited a 26.5% jump last year in "organized retail crime" carried out by groups of people. But it is unclear whether overall U.S. retail crime is on the rise, with little data available on the problem. Retailers rarely openly acknowledge the threat of theft or crime because they generally don't want to spook shoppers. "Along with other retailers, we've seen a significant increase in theft and organized retail crime across our business," Target CEO Brian Cornell told investors on a November 16 conference call.

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